Inflation in Sweden
Sweden - Inflation
CPI inflation steady in February, CPIF inflation dips
Consumer prices in Sweden rose 0.7% in February, contrasting January’s 1.0% decline, according to data released by Statistics Sweden (SCB). February’s price increase was mainly driven by higher prices for food and non-alcoholic beverages; clothing and footwear; and transport.
The CPI with interest rates held constant (CPIF) dropped from 2.0% in January to 1.9% in February, within the Central Bank’s 1.0%–3.0% tolerance band but once more undershooting the Bank’s expectations. Core CPIF inflation—which excludes volatile energy costs—was unchanged at 1.4%, while CPI inflation was stable at 1.9%.
It remains to be seen whether at the Riksbank’s next meeting on 24 April, lackluster inflation in recent months leads to a change in forward guidance over monetary policy; a rate hike is currently signaled for H2 2019.
According to Torbjörn Isaksson, economist at Nordea: “All in all, February CPIF was lower than we had expected but in line with our long-held view of low inflation being a long-term challenge for the Riksbank. The next rate hike is distant, we think, and the low inflation in the beginning of the year reinforces that view.”
FocusEconomics panelists currently expect CPI inflation to average 1.9% in 2019 and 2.0% in 2020, and CPIF inflation to average 2.0% in 2019 and 1.9% in 2020.
Sweden - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.1||-0.2||0.0||1.0||1.8|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Inflation Chart
Source: Statistics Sweden.
|Bond Yield||0.30||-4.79 %||Mar 11|
|Exchange Rate||9.38||-0.20 %||Mar 11|
|Stock Market||1,570||0.14 %||Mar 11|
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March 12, 2019
Consumer prices in Sweden rose 0.7% in February, contrasting January’s 1.0% decline, according to data released by Statistics Sweden (SCB).
March 5, 2019
According to Statistics Sweden, total industrial production excluding energy increased a seasonally-adjusted 0.1% in January over the previous month, down from December’s revised 1.6% increase (previously reported: +1.8%).
February 28, 2019
According to data released by Statistics Sweden (SCB) on 28 February, the economy grew 1.2% in seasonally adjusted terms in the fourth quarter over the third quarter.
February 27, 2019
The economic tendency indicator rose from January’s revised 102.0 (previously reported: 101.9) to 102.4 in February, interrupting four consecutive months of decline.
February 19, 2019
Consumer prices in Sweden fell 1.0% in January, contrasting December’s 0.4% rise, according to data released by Statistics Sweden (SCB).