Inflation in Sweden
Sweden - Inflation
CPI and CPIF inflation slow in July
The consumer price index (CPI) increased 0.4% in July compared to the previous month, contrasting the 0.1% decrease in June. The increase was driven by higher prices for food and non-alcoholic beverages, package holidays and transport. CPI inflation slowed to 1.7% in July, down from 1.8% in June. Core CPI inflation, which excludes volatile energy costs, slowed to 1.5% from 1.7%.
CPIF inflation—which is inflation based on a fixed investment rate and is closely followed by the Central Bank—moderated to 1.5% in July from 1.7% in June, hitting the mid-point of the Central Bank’s 1.0%–3.0% tolerance band. Core CPIF inflation, which excludes energy prices, decelerated to 1.7% from to 1.9%.
FocusEconomics panelists expect CPI inflation to average 1.9% in 2019, which is up 0.1 percentage points from last month’s forecast, and 1.8% in 2020. Our panelists see CPIF inflation averaging 1.8% in both 2019 and 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||-0.32||-4.79 %||Sep 04|
|Exchange Rate||9.73||-0.20 %||Sep 04|
|Stock Market||1,581||0.14 %||Sep 04|
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Sweden: Riksbank holds fire in September as expected, but surprises analysts with hawkish forward guidance
September 5, 2019
At its 5 September monetary policy meeting, the Riksbank left the repo rate unchanged at minus 0.25%, as had been widely expected by market analysts.
September 5, 2019
Total industrial production excluding energy notched growth of 1.4% in July over the prior month in seasonally- and calendar-adjusted terms, contrasting June’s revised contraction of 1.0% (previously reported: -1.1% month-on-month).
August 28, 2019
The economic tendency indicator fell to 94.9 points in August from 96.4 points in July, marking the lowest reading since June 2013.
August 14, 2019
The consumer price index (CPI) increased 0.4% in July compared to the previous month, contrasting the 0.1% decrease in June.
July 25, 2019
The economic tendency indicator fell to 96.8 points in July, down from 98.1 points in June and marking the lowest reading since September 2013.