Sweden Inflation November 2020

Sweden

Sweden: Inflation falls to lowest level since May in November

December 10, 2020

Consumer prices with a fixed interest rate increased 0.05% in November over the previous month, contrasting October's 0.04% drop. The figure was largely driven by rising prices for housing and utilities.

Inflation eased to 0.2% in November, down from October’s 0.3%. November's figure marked the weakest inflation rate since May. In addition, the trend pointed down slightly, with annual average inflation coming in at 0.6% in November (October: 0.7%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.2% in 2021, which is down 0.1 percentage points from last month’s forecast, and 1.4% in 2022.


Author:, Economist

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Sweden Inflation November 20 20

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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