Sweden Inflation


Sweden: Inflation stable in December

January 14, 2014

In December 2013, consumer prices rose 0.3% over the previous month, which contrasted the 0.1% fall recorded in November. According to Statistics Sweden (SCB), the result came on the back of higher prices for transport as well as for food goods.

Consumer prices rose 0.1% over the same month last year, which mirrored the rise recorded in November. The figure contrasted the 0.1% fall the markets had expected. Inflation is still well below the Central Bank's target of 2.0%. In addition, annual average inflation in December remained at November's minus 0.1%.

Meanwhile, the core inflation index - defined as the CPI with mortgage rates held constant - inched up from 0.7% in November to 0.8% in December.

The Central Bank expects inflation to average 0.6% in 2014 and 2.5% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 1.0% in 2014, which is down 0.2 percentage points from last month's forecast. For 2015, the panel sees average inflation at 2.0%.

Author:, Senior Economist

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Sweden Inflation Chart

Sweden Inflation December 2013

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Sweden (SCB).

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