The skyline in Sweden

Sweden Inflation April 2024

Sweden: Inflation increases in April

Consumer price inflation with a fixed interest rate (CPIF) came in at 2.3% in April, up from March’s 2.2%. Looking at the details of the release, food and non-alcoholic beverages prices rose in April after dropping in the previous month. Conversely, price pressures for transportation eased.

Still, the trend pointed down, with annual average inflation falling to 4.0% in April (March: 4.4%). Meanwhile, consumer price inflation cooled to 3.9% in April from the previous month’s 4.1%.

Lastly, consumer prices with a fixed interest rate increased 0.26% over the previous month in April, picking up from the 0.09% increase logged in March. April’s figure marked the highest reading since December 2023.

Meanwhile, core inflation was unchanged at March’s 2.9% in April. The print undershot both market and the Riksbank’s expectations.

Our Consensus is for CPIF to average around the Riksbank’s 2.0% target this year, slowing to roughly a third of 2023’s average.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest