Sweden Inflation September 2020

Sweden

Sweden: Inflation falls to lowest level since May in September

October 13, 2020

Consumer prices with a fixed interest rate increased 0.07% over the previous month in September, swinging from the 0.15% fall recorded in August. Looking at the details of the release, prices for transportation, and recreation and culture goods fell at a more modest pace, outweighing a weaker increase in prices for housing, water, electricity, gas and other fuels.

Inflation came in at 0.3% in September, which was down from August’s 0.8%. September's figure marked the lowest inflation rate since May. Annual average inflation fell to 0.8% in September (August: 0.9%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 0.5% in 2020, which is up 0.2 percentage points from last month’s forecast, and 1.3% in 2021.


Author:, Economist

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