Sweden Inflation August 2021

Sweden

Sweden: Inflation rises for eighth consecutive month in August

September 14, 2021

Consumer prices with a fixed interest rate rose 0.53% over the previous month in August, accelerating from July's 0.29% increase and marking the sharpest increase in prices since December 2020. Looking at the details of the release, prices for electricity and fuel were the key drivers of the monthly rise.

CPIF inflation in annual terms came in at 2.4% in August, which was up from July’s 1.7% and marked the eighth consecutive month of rising inflation. As such, the trend pointed up mildly, with annual average inflation coming in at 1.4% in August (July: 1.2%).

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 August 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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