Sweden Inflation May 2021

Sweden

Sweden: Inflation eases in May

June 10, 2021

Consumer prices with a fixed interest rate rose 0.22% in May over the previous month, moderating slightly from April's 0.27% rise. Looking at the details of the release, food and non-alcoholic beverages, and recreation and culture prices dropped in May compared to the previous month, while price pressures for transportation picked up pace.

CPIF inflation eased to 2.1% in May, down from April’s 31-month-high of 2.5%. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.1% in May (April: 0.9%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.5% in 2021, which is unchanged from last month’s forecast, and 1.3% in 2022.


Author:, Economist

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Sweden Inflation Chart


Sweden Inflation May 2021

Note: Year-on-year and month-on-month variation of consumer price index with a fixed interest rate (CPIF) in %.
Source: Statistics Sweden (SCB).


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