Sweden Inflation October 2020

Sweden

Sweden: Inflation steady in October

November 12, 2020

Consumer prices with a fixed interest rate dropped 0.04% over the previous month in October, swinging from September's 0.07% increase. Looking at the details of the release, the slight drop was primarily due to falling prices for housing, water, electricity, gas and other fuels.

Inflation remained at 0.3% in October, unchanged from September’s reading which had represented the lowest inflation rate since May. Annual average inflation ticked down to 0.7% in October (September: 0.8%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.3% in 2021, which is unchanged from last month’s forecast, and 1.4% in 2022.


Author:, Economist

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Sweden Inflation October 20 20

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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