Inflation in Sweden

Sweden Inflation | Economic News & Forecasts

Sweden - Inflation

Inflation rises for eighth consecutive month in August

Consumer prices with a fixed interest rate rose 0.53% over the previous month in August, accelerating from July's 0.29% increase and marking the sharpest increase in prices since December 2020. Looking at the details of the release, prices for electricity and fuel were the key drivers of the monthly rise.

CPIF inflation in annual terms came in at 2.4% in August, which was up from July’s 1.7% and marked the eighth consecutive month of rising inflation. As such, the trend pointed up mildly, with annual average inflation coming in at 1.4% in August (July: 1.2%).

FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 1.7% in 2021, which is up 0.1 percentage points from last month’s forecast, and 1.6% in 2022.

Sweden - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.0  1.0  1.8  2.0  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

Value Change Date
Bond Yield0.15-4.79 %Jan 01
Exchange Rate9.36-0.20 %Jan 01

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