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Sweden Inflation January 2022

Sweden: Inflationary pressures ease in January

Consumer prices with a fixed interest rate (CPIF) fell 0.55% in January over the previous month, contrasting the 1.29% rise seen in December. January’s result marked the first month-on-month fall in CPIF in 12 months and the largest decline since January 2020. The result was largely due to falling prices for housing, water, electricity, gas and other fuels. Moreover, prices for recreation and culture dropped.

CPIF inflation in annual terms decreased to 3.9% in January slightly below December’s 4.1% reading which had marked the highest inflation rate since December 1993. Meanwhile, annual average inflation rose to 2.6% in January, up slightly from December’s 2.4% reading.

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