Sweden Inflation January 2021

Sweden

Sweden: Inflation increases to over one-year high in January

February 18, 2021

Consumer prices with a fixed interest rate fell 0.34% from the previous month in January, swinging from the 0.73% rise logged in December. January's result marked the sharpest fall in prices since January 2020. Looking at the details of the release, prices for clothing, and recreation and culture dropped, offset somewhat by higher electricity and fuel costs.

Inflation came in at 1.7% in January, up from December’s 0.5%. January's figure was the highest inflation rate since November 2019. Meanwhile, the trend was unchanged with annual average inflation coming in at December's 0.5% in January.

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.3% in 2021, which is up 0.1 percentage points from last month’s forecast, and 1.2% in 2022.


Author:, Economist

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Sweden Inflation Chart


Sweden Inflation January 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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