Inflation in Sweden

Sweden Inflation | Economic News & Forecasts

Sweden - Inflation

CPIF inflation ticks up in December, CPI inflation unchanged

Consumer prices in Sweden rose 0.4% month-on-month in December, contrasting November’s 0.1% decline, according to data released by Statistics Sweden (SCB). December’s price rise was driven by higher prices for food and non-alcoholic beverages, transport, and recreation and culture.

The CPI with interest rates held constant (CPIF) inched up from 2.1% in November to 2.2% in December, within the Central Bank’s 1.0%–3.0% tolerance band and slightly above market expectations, while core CPIF inflation—which excludes volatile energy costs—rose from 1.4% to 1.5%. CPI inflation was stable at 2.0%. December’s figures come after lower-than-expected inflation readings in October and November, but do not notably change the panorama or the outlook for interest rates, which are seen rising slightly later this year.

FocusEconomics panelists see inflation running marginally above 2.0% in the first few quarters of this year, before dipping slightly below 2.0% in H2, partly on a less favorable base effect. Our analysts expect CPI inflation to average 2.0% in 2019 and 2.1% in 2020, and CPIF inflation to average 2.0% in 2019 and 1.9% in 2020.

Sweden - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)-0.1  -0.2  0.0  1.0  1.8  

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Sweden Inflation Chart


Sweden Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Sweden.

Sweden Facts

ValueChangeDate
Bond Yield0.41-4.79 %Jan 14
Exchange Rate8.95-0.20 %Jan 14
Stock Market1,4580.14 %Jan 14

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