Inflation in Sweden
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
|Inflation Rate (CPI, annual variation in %)||0.0||1.0||1.8||2.0||1.8|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Inflation Chart
Source: Statistics Sweden.
|Bond Yield||0.15||-4.79 %||Jan 01|
|Exchange Rate||9.36||-0.20 %||Jan 01|
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Sweden: Riksbank leaves monetary policy unchanged at September meeting; upgrades growth outlook for 2021
September 21, 2021
At its meeting on 20 September, the Riksbank made no adjustments to its monetary policy, maintaining its key repo rate at 0.00% and leaving its asset purchasing program unchanged. The decision reflected moderate inflation expectations—inflation is projected to track close to the Bank’s 2.0% target rate in the long term—and a brightening economic outlook for the final stretch of 2021, giving the Bank space to maintain its accommodative stance and provide liquidity to bolster activity.
September 14, 2021
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.
September 8, 2021
Industrial output grew 0.3% in month-on-month seasonally-adjusted terms in July, which was a deterioration from June's 2.3% increase.
August 27, 2021
The economic tendency indicator (ETI) decreased marginally in August, easing to 121.1 from July’s record high of 121.9, but still remained at a historically high level.
August 27, 2021
The economy expanded 0.9% in seasonally-adjusted quarter-on-quarter terms in the second quarter of 2021, picking up from the 0.8% increase logged in Q1 and matching the estimate in the preliminary Q2 release.