Sweden Inflation July 2021


Sweden: Inflation inches up in July

August 13, 2021

Consumer prices with a fixed interest rate increased 0.29% in July over the previous month, picking up from the 0.10% rise recorded in June. July's uptick marked the sharpest increase in prices since February. Looking at the details of the release, food and non-alcoholic beverages prices rose in July after dropping in the previous month, while price pressures for housing and utilities gathered steam.

CPIF inflation in annual terms came in at 1.7% in July, up from June’s 1.6%. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 1.2% in July (June: 1.1%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.7% in 2021, which is up 0.1 percentage points from last month’s forecast, and 1.6% in 2022.

Author:, Economist

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Sweden Inflation Chart

Sweden Inflation July 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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