Sweden Inflation November 2021

Sweden

Sweden: Inflation hits near 28-year high in November

December 14, 2021

Consumer prices with a fixed interest rate rose 0.48% over the previous month in November, picking up from October's 0.23% increase. The pick-up was primarily due to rising prices for housing, water, electricity, gas and other fuels.

CPIF inflation in annual terms rose to 3.6% in November, following October’s 3.1% reading. November's print was the highest inflation rate since December 1993. As such, the trend pointed up mildly, with annual average inflation rising to 2.1% in November (October: 1.8%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 2.3% in 2022, which is up 0.4 percentage points from last month’s forecast, and 1.7% in 2023.


Author:, Economist

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Sweden Inflation Chart


Sweden Inflation November 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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