Inflation in Sweden
Sweden - Inflation
CPIF inflation ticks up in December, CPI inflation unchanged
Consumer prices in Sweden rose 0.4% month-on-month in December, contrasting November’s 0.1% decline, according to data released by Statistics Sweden (SCB). December’s price rise was driven by higher prices for food and non-alcoholic beverages, transport, and recreation and culture.
The CPI with interest rates held constant (CPIF) inched up from 2.1% in November to 2.2% in December, within the Central Bank’s 1.0%–3.0% tolerance band and slightly above market expectations, while core CPIF inflation—which excludes volatile energy costs—rose from 1.4% to 1.5%. CPI inflation was stable at 2.0%. December’s figures come after lower-than-expected inflation readings in October and November, but do not notably change the panorama or the outlook for interest rates, which are seen rising slightly later this year.
FocusEconomics panelists see inflation running marginally above 2.0% in the first few quarters of this year, before dipping slightly below 2.0% in H2, partly on a less favorable base effect. Our analysts expect CPI inflation to average 2.0% in 2019 and 2.1% 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||0.41||-4.79 %||Jan 14|
|Exchange Rate||8.95||-0.20 %||Jan 14|
|Stock Market||1,458||0.14 %||Jan 14|
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January 14, 2019
Consumer prices in Sweden rose 0.4% month-on-month in December, contrasting November’s 0.1% decline, according to data released by Statistics Sweden (SCB).
January 10, 2019
According to Statistics Sweden, total industrial production excluding energy decreased a seasonally-adjusted 0.4% in November over the previous month, contrasting October’s revised 2.7% increase (previously reported: +2.8% month-on-month).
December 20, 2018
At its 19 December monetary policy meeting, the Riksbank decided to hike its repo rate from minus 0.50% to minus 0.25%.
December 19, 2018
The economic tendency indicator was stable in December at November’s revised 106.3 (previously reported: 106.7).
December 12, 2018
Consumer prices in Sweden declined 0.1% month-on-month in November, matching October’s figure, according to data released by Statistics Sweden (SCB).