Sweden Inflation June 2021

Sweden

Sweden: Inflation hits four-month low in June

July 14, 2021

Consumer prices with a fixed interest rate rose 0.10% from the previous month in June, moderating from May's 0.22% rise. June's result marked the softest rise in prices since January. The reading was driven by moderating price pressures for housing, and utilities, and easing price pressures for food and non-alcoholic beverages.

CPIF inflation came in at 1.6% in June, which was down from May’s 2.1%. June's reading represented the weakest inflation rate since February. Meanwhile, the trend was unchanged, with annual average inflation coming in at May's 1.1% in June.

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.6% in 2021, which is up 0.1 percentage points from last month’s forecast, and 1.3% in 2022.


Author:, Economist

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Sweden Inflation June 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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