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%).
Author: Stephen Vogado, Economist