Inflation in Sweden
Sweden - Inflation
CPIF softens in October
Consumer price inflation with a fixed interest rate decelerated to 9.3% in October, down from September’s 9.7%. Looking at the details of the release, the moderation was largely driven by softer growth in prices for housing, water, electricity, gas and other fuels. This more than offset prices for food and non-alcoholic beverages, and for transport growing at brisker paces.
Still, the trend pointed up; annual average inflation rose to 6.7% in October (September: 6.2%). Meanwhile, consumer price inflation rose to 10.9% in October, from September’s 10.8%.
Finally, consumer prices with a fixed interest rate dropped 0.12% over the previous month in October, swinging from the 1.14% increase logged in September. October's result marked the sharpest fall in prices since July.
FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 4.8% in 2023, which is up 0.3 percentage points from last month’s forecast, and 1.8% in 2024.
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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November 15, 2022
Consumer price inflation with a fixed interest rate decelerated to 9.3% in October, down from September’s 9.7%.
November 9, 2022
Industrial output expanded 3.6% month on month in seasonally adjusted terms in September, which contrasted August's 6.9% plunge.
October 28, 2022
The economy fared well in the third quarter of 2022 and defied fears of a contraction.
October 27, 2022
The economic tendency indicator (ETI) deteriorated once again in October, coming in at 84.6, down from September’s 90.8.
October 13, 2022
Consumer price with a fixed interest rate inflation soared to 9.7% in September, up from August’s 9.0%.