Sweden Inflation December 2020


Sweden: Inflation hits highest level since August in December

January 15, 2021

Consumer prices with a fixed interest rate increased 0.73% from the previous month in December, picking up from November's 0.05% increase. December's reading marked the sharpest increase in prices since February 2018. The increase was largely due to rising prices for housing, water, electricity, gas and other fuels. In addition, price pressures for transportation also grew.

Inflation rose to 0.5% in December, up from November’s 0.2%. December's result marked the highest inflation rate since August. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 0.5% in December (November: 0.6%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.2% 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 December 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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