Inflation in Sweden
Sweden - Inflation
Inflation hits near 28-year high in November
Consumer prices with a fixed interest rate rose 0.48% over the previous month in November, picking up from October's 0.23% increase. The pick-up was primarily due to rising prices for housing, water, electricity, gas and other fuels.
CPIF inflation in annual terms rose to 3.6% in November, following October’s 3.1% reading. November's print was the highest inflation rate since December 1993. As such, the trend pointed up mildly, with annual average inflation rising to 2.1% in November (October: 1.8%).
FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 2.3% in 2022, which is up 0.4 percentage points from last month’s forecast, and 1.7% in 2023.
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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December 21, 2021
The economic tendency indicator (ETI) fell in December to 117.1 from 117.6 in November.
December 14, 2021
Consumer prices with a fixed interest rate rose 0.48% over the previous month in November, picking up from October's 0.23% increase.
December 7, 2021
Industrial production increased 1.8% month-on-month in seasonally-adjusted terms in October, contrasting the 0.2% drop recorded in September.
November 29, 2021
The economy expanded 2.0% in seasonally-adjusted quarter-on-quarter terms in the third quarter of 2021, picking up from the 1.0% rise logged in Q2 and increasing slightly from the 1.8% estimate in the preliminary Q3 release.
November 29, 2021
On 24 November, the Swedish parliament voted for Magdalena Andersson to become the country’s new prime minister, replacing her outgoing colleague Stefan Löfven.