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Sweden Inflation March 2018

Sweden: Inflation picks up in March

Consumer prices in Sweden rose 0.3% on a month-on-month basis in March according to data released by Statistics Sweden (SCB). This was down from February’s 0.7% increase and slightly below market expectations. The SCB’s data showed that March’s price rise was driven by higher prices for food and non-alcoholic beverages, and clothing and footwear.

Inflation increased from 1.6% in February to 1.9% in March. As a result, inflation was still slightly below the Riksbank’s 2.0% target, but firmly within the 1.0%-3.0% tolerance band. Meanwhile, annual average inflation came in at 1.8% for the sixth consecutive month. The CPI with interest rates held constant (CPIF) was 2.0% in March, up from 1.7% in February.

Sweden Inflation Forecast

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