News

Swedish Inflation Rate Picks Up to 1-Year High of 1.6%
Sweden's annual inflation rate jumped to 1.6 percent in January of 2021 from 0.5 percent in the previous month, above market expectations of 1.5 percent. It was the highest inflation rate since December 2018, mainly due to rising housing costs and food prices. Consumer prices, measured with a fixed interest rate, rose 1.7 percent year-on-year in January, approaching the central bank's target of 2 percent. On a monthly basis, the CPI fell 0.4 percent and the CPIF went down 0.3 percent, both in line with market consensus.
Published on 2021-02-18

Swedish December Inflation Rate Rises to 4-Month High
Sweden's annual inflation rate increased to 0.5 percent in December of 2020 from 0.2 percent in the previous month and slightly above market expectations of 0.4 percent. It was the highest inflation rate since last August. Main upward pressure came from prices of housing & utilities (0.7 percent vs -0.2 percent in November); transport (0.5 percent vs 0.2 percent); health (1.8 percent vs 1 percent) and miscellaneous goods & services (2.7 percent vs 2.4 percent). Consumer prices, measured with a fixed interest rate, were up 0.5 percent year-on-year in December, above market expectations of 0.2 percent but well below the central bank's target of 2 percent. On a monthly basis, both the CPI and the CPIF rose 0.7 percent, above market consensus of 0.6 percent.
Published on 2021-01-15

Swedish Inflation Rate Slows to 6-Month Low
Sweden's annual inflation rate eased to 0.2 percent in November of 2020, the lowest since May and in line with market expectations. Prices slowed for transport (0.2 percent vs 0.5 percent in October), while housing & utilities cost dropped further (-0.2 percent vs -0.1 percent), due to lower prices of electricity (-12.5 percent) and fuel (-12.3 percent). Consumer prices, measured with a fixed interest rate, were up 0.2 percent year-on-year in November, above market expectations of 0.1 percent but well below the central bank's target of 2 percent. On a monthly basis, both the CPI and the CPIF were flat.
Published on 2020-12-10

Swedish Inflation Rate Slows to 5-Month Low
Sweden's annual inflation rate edged down to 0.3 percent in October 2020, the lowest since May and below market expectations of 0.4 percent. Transport cost rose at a slower pace (0.5 percent vs 0.8 percent in September), while prices fell for housing and utilities (-0.1 percent vs 0.8 percent), recreation and culture (-2.0 percent vs -2.4 percent) and restaurants and hotels (-0.2 percent vs -0.1 percent). Meanwhile, inflation picked up for food and non-alcoholic beverages (1.5 percent vs 0.9 percent) and miscellaneous goods and services (2.6 percent vs 2.4 percent). Consumer prices, measured with a fixed interest rate, were up 0.3 percent year-on-year in October, well below the central bank's target of 2 percent.
Published on 2020-11-12

Swedish Inflation Rate Slows More than Expected
Sweden's consumer price inflation rate eased to 0.4 percent year-on-year in September 2020, from the previous month's six-month high of 0.8 percent and below market expectations of 0.6 percent. Prices rose at a softer pace for food and non-alcoholic beverages (0.9 percent vs 2.0 percent in August) and miscellaneous goods and services (2.4 percent vs 3.1 percent), while cost declined for both recreation and culture (-2.4 percent vs -1.2 percent) and restaurants and hotels (-0.1 percent vs 0.6 percent). Meanwhile, inflation picked up for housing and utilities (0.8 percent vs 0.6 percent) and transport (0.8 percent vs 0.7 percent). Consumer prices, measured with a fixed interest rate, were up 0.3 percent year-on-year in September, below market expectations of 0.6 percent and the central bank's target of 2 percent.
Published on 2020-10-13

Sweden Inflation Rate at 6-Month High of 0.8%
The annual inflation rate in Sweden increased to 0.8% in August of 2020 from 0.5% in the previous month, below market expectations of 0.9%. It was the highest inflation since February, as cost advanced faster for food & non-alcoholic beverages (2% vs 1.6% in July); miscellaneous goods & services (3.1% vs 2.6%); furniture & household goods (2% vs 1.4%) and health (2.1% vs 2%). In addition, prices rebounded for housing & utilities (0.6% vs -0.8%) while inflation was steady for restaurants & hotels (at 0.6%). Meantime, cost slowed for transport (0.7% vs 1.9%) clothing & footwear (0.8% vs 3.5%); alcoholic beverages & tobacco (1.8% vs 1.9%) and education (3.3% vs 3.4%). The inflation rate according to the CPIF, which is mostly followed by the central bank to decide on monetary policy, climbed to 0.7% from 0.5%, below forecast of 0.8%. On a monthly basis, both the CPI and the CPIF were down 0.1%.
Published on 2020-09-10

Swedish Inflation Rate Slows Less than Expected
Sweden's consumer price inflation rate dropped to 0.5 percent in July of 2020 from a four-month high of 0.7 percent in June and above market expectations of 0.3 percent. Inflation slowed for food & non-alcoholic beverages (1.6 percent vs 2.6 percent in June) while prices fell for housing & utilities (-0.8 percent vs 0.9 percent); communication (-4.2 percent vs -4.6 percent) and recreation & culture (-2 percent vs -1.6 percent). Conversely, costs rose faster primarily for transport (1.9 percent vs 0.7 percent) and clothing & footwear (3.5 percent vs 1.2 percent), while rebounded for restaurants & hotels (0.6 percent vs -0.3 percent). The inflation rate according to the CPIF, which is mostly followed by the central bank to decide on monetary policy, softened also to 0.5 percent in July, beating forecasts of 0.3 percent. On a monthly basis, both the CPI and the CPIF were up 0.2 percent.
Published on 2020-08-12

Swedish Inflation Rate Picks Up to 4-Month High
Sweden's consumer price inflation rate rose to 0.7 percent in June 2020, the highest in four months and compared with market expectations of 0.5 percent, with main upward pressure coming from housing & utilities (0.9 percent vs -0.7 percent in May) and transport (0.7 percent vs -2.0 percent). Meanwhile, inflation slowed for food & non-alcoholic beverages (2.6 percent vs 3.9 percent) and miscellaneous goods & services (2.4 percent vs 2.7 percent), while prices fell for recreation & culture (-1.6 percent vs -1.0 percent) and restaurants & hotels (-0.3 percent vs 0.0 percent). The inflation rate according to the CPIF, which is mostly followed by the central bank to decide on monetary policy, increased also to 0.7 percent in June, beating forecasts of 0.5 percent. On a monthly basis, the both the CPI and the CPIF were up 0.6 percent.
Published on 2020-07-14

Swedish Consumer Prices Flat in May
Sweden's consumer prices were unchanged from a year earlier in May 2020, compared to market expectations of a 0.4 percent drop, as increases in cost for food & non-alcoholic beverages (3.9 percent vs 3.5 percent) and miscellaneous goods & services (2.7 percent vs 2.3 percent) were offset by declines in prices for housing & utilities (-0.7 percent vs -1.2 percent), transport (-2.0 percent vs -2.7 percent) and recreation & culture (-1.0 percent vs -1.6 percent). Restaurants & hotels cost was unchanged, after a 0.7 percent advance in April.
Published on 2020-06-11

Sweden Consumer Prices Fall for 1st Time Since 2015
Consumer prices in Sweden decreased 0.4 percent year-on-year in April of 2020, after a 0.6 percent rise in the previous month and compared to market expectations of a flat reading. It was the first decline in consumer prices since August of 2015, as cost fell for housing & utilities (-1.2 percent vs -0.6 percent in March); transport (-2.7 percent vs 2.1 percent); recreation & culture (-1.6 percent vs -0.8 percent) and communication (-7.5 percent vs -5.2 percent). On the other hand, prices advanced faster for food & non-alcoholic beverages (3.5 percent vs 2.5 percent) and furniture & household equipment (1.8 percent vs 0.4 percent). Consumer prices, measured with a fixed interest rate (CPIF), were down 0.4 percent year-on-year, following a 0.6 percent rise in March. It was the first drop in CPIF since March of 2014.
Published on 2020-05-13

Swedish Inflation Rate Falls to Near 5-Year Low
The annual inflation rate in Sweden fell to 0.6 percent in March of 2020 from 1 percent in the previous month, the lowest rate since May 2016 and in line with market expectations. On a monthly basis, consumer prices went down 0.2 percent, after a 0.5 percent gain in February and compared to forecasts of a 0.3 percent fall. Consumer prices, measured with a fixed interest rate (CPIF), were up 0.6 percent year-on-year, easing from a 1 percent rise in February and the least in more than four years.
Published on 2020-04-15

Swedish Inflation Rate Falls to 3-1/2-Year Low
Sweden's consumer price inflation fell to 1.0 percent year-on-year in February 2020, the lowest rate since September 2016 and below market expectations of 1.3 percent. Transport prices rose at a softer pace (3.7 percent vs 5.0 percent), restaurants & hotels (2.8 percent vs 3.3 percent) and miscellaneous goods & services (2.0 percent vs 2.2 percent). Also housing & utilities costs fell 0.6 percent, compared to a 0.3 percent decline in the previous month. Meanwhile, upward pressure came from food & non-alcoholic beverages (2.5 percent vs 2.4 percent) and recreation & culture (0.6 percent vs -0.2 percent). Consumer prices, measured with a fixed interest rate (CPIF), were up 1.0 percent, the least in more than four years.
Published on 2020-03-12

Sweden Inflation Rate at Near 3-Year Low of 1.3%
Annual inflation rate in Sweden fell to 1.3 percent in January 2020 from 1.8 percent in December, well below market expectations of 1.7 percent. It was the lowest inflation since March 2017, as cost slowed for food & non-alcoholic beverages (2.4 percent from 2.5 percent in December); miscellaneous goods & services (2.2 percent from 2.5 percent); furniture & household equipment (1.1 percent from 1.8 percent); alcoholic beverages & tobacco (1.8 percent from 1.9 percent) and health (2.7 percent from 2.9 percent). In addition, prices dropped for housing & utilities (-0.3 percent from 1.6 percent); recreation & culture (-0.2 percent, the same as in December); clothing & footwear (-1.8 percent from -1.5 percent) and communication (-6.3 percent from -4.7 percent). The CPIF (consumer price index measured with a fixed interest rate declined to 1.2 percent year-on-year in December.
Published on 2020-02-19

Sweden Inflation Rate Steady at 1.8% in December
Sweden's annual inflation rate was at 1.8 percent in December 2019, unchanged from the previous month and matching market forecasts. It remained the highest inflation rate since June, as prices increase further for transport (4.4 percent from 3.4 percent in November); and health (2.9 percent from 2.7 percent). Meanwhile, prices eased for food & non-alcoholic beverages (2.5 percent from 3.2 percent); housing & utilities (1.6 percent from 2.1 percent); and miscellaneous goods & services (2.5 percent from 2.9 percent). Additionally, inflation was steady for furniture & household equipment (at 1.8 percent); restaurant & hotels (at 2.9 percent); and alcoholic beverages & tobacco (at 1.9 percent). The CPIF (consumer price index measured with a fixed interest rate) stood at 1.7 percent year-on-year in December. On a monthly basis, both indexes rose 0.4 percent.
Published on 2020-01-15

Sweden Inflation Rate Picks Up to 5-Month High
Sweden's annual inflation rate increased to 1.8 percent in November 2019 from 1.6 percent in the previous month and above market expectations of 1.7 percent. It was the highest inflation since June, as cost rose faster for food & non-alcoholic beverages (3.2 percent from 2.7 percent in October); miscellaneous goods & services (2.9 percent from 2.7 percent); furniture & household equipment (1.8 percent from 0.9 percent) and health (2.7 percent from 1.6 percent). Meantime, inflation was steady for housing & utilities (at 2.1 percent) and alcoholic beverages & tobacco (at 1.9 percent). On the other hand, prices slowed for transport (2.6 percent from 3.4 percent); restaurant & hotels (2.9 percent from 3.0 percent). The CPIF (consumer price index measured with a fixed interest rate) rose 1.7% year-on-year in November, following a 1.5% gain in October. On a monthly basis, both indexes edged up 0.1 percent.
Published on 2019-12-11

Sweden Inflation Rate Rises to 3-Month High of 1.6%
Sweden's annual inflation rate increased to 1.6% in October 2019 from 1.5% in the previous month and in line with market expectations. It was the highest inflation since July, as cost advanced faster for transport (2.6% from 2.1% in September); restaurant & hotels (3.0% from 2.9%) and health (1.6% from 0.7%). In addition, prices rebounded for recreation & culture (0.5% from -0.2%) while inflation was steady for food & non-alcoholic beverages (at 2.7%) and alcoholic beverages & tobacco (at 1.9%). On the other hand, prices slowed for housing & utilities (2.1% from 2.2% in September); miscellaneous goods & services (2.7% from 3.0%) and furniture & household equipment (0.9% from 1.3%). The CPIF (consumer price index measured with a fixed interest rate) rose 1.5% year-on-year in October, following a 1.3% gain in September. On a monthly basis, both indexes were flat.
Published on 2019-11-13

Swedish Inflation Rate Rises to 1.5% in September
Sweden's annual inflation rate rose to 1.5 percent in September of 2019, following a 1.4 percent in the previous month and slightly above market expectations of a 1.3 percent. Inflation was steady for housing & utilities (at 2.2 percent) and alcoholic beverages & tobacco (at 1.9 percent) while prices advanced faster for restaurants & hotels (2.9 percent vs 2.3 percent); miscellaneous goods & services (3.0 percent vs 2.6 percent) and furniture & household equipment (1.3 percent vs 0.3 percent). On the other hand, prices slowed for food & non-alcoholic beverages (2.7 percent vs 3.3 percent in August) and transport (2.1 percent vs 2.5 percent) while recreation & culture cost dropped (-0.2 percent vs 0.6 percent). The CPIF (consumer price index measured with a fixed interest rate) went up 1.3 percent year-on-year in September, the same as in August. On a monthly basis, both indexes rose 0.5 percent.
Published on 2019-10-10

Sweden Inflation Rate Falls to Nearly 2-1/2-Year Low
The annual inflation rate in Sweden declined to 1.4 percent in August 2019 from 1.7 percent in July and below market expectations of 1.7 percent. It was the lowest inflation rate since March 2017, as prices eased for food & non-alcoholic beverages (3.3% vs 3.8% in July); housing & utilities (2.2% vs 2.4%); restaurants & hotels (2.3% vs 3.2%) and furniture & household equipment (0.3% vs 1.5%). Also, cost went down further for clothing & footwear (-1.4% vs -0.5%) and communication (-8.3% vs -8%). Meanwhile, inflation was steady for transport (at 2.5%) and alcoholic beverages & tobacco (at 1.9%). The CPIF inflation, measured with a fixed interest rate, decreased to 1.3%, its lowest since September 2016, from 1.5% in the prior month. On a monthly basis, consumer prices declined 0.4 percent, after a 0.4 percent gain in July.
Published on 2019-09-10

Swedish Inflation Rate Eases to Over 1-Year Low
Annual inflation rate in Sweden edged down to 1.7% in July 2019 from 1.8% in the previous month but above market expectations of 1.5%. It was the lowest inflation rate since April 2018, as prices slowed for transport (2.5% vs 2.8% in June); recreation & culture (0.2% vs 0.6%); furniture & household equipment (1.5% vs 2.4%) while health cost decreased (-2.2% vs 2.1%). On the other hand, inflation was steady for housing & utilities (at 2.4%) and alcoholic beverages & tobacco (at 1.9%) while prices advanced faster for food & non-alcoholic beverages (3.8% vs 3.0%); restaurants & hotels (3.2% vs 3.1%) and miscellaneous goods & services (2.4% vs 2.3%). The CPIF inflation, measured with a fixed interest rate, decreased to 1.5% from 1.7% in the previous month. On a monthly basis, consumer prices rose 0.4%, rebounding from a 0.1% drop in June.
Published on 2019-08-14

Swedish Inflation Rate Eases to Over 1-Year Low
Annual inflation rate in Sweden fell to 1.8 percent in June 2019 from 2.2 percent in the previous month and slightly below market expectations of 1.9 percent. It was the lowest inflation rate since April 2018, as prices slowed for housing & utilities (2.4 percent vs 4.1 percent in May) and transport (2.8 percent vs 3.6 percent) while cost continued to decline for clothing & footwear (-0.9 percent vs -0.2 percent) and communication (-8.1 percent vs -7.1 percent). On the other hand, prices advanced faster for food & non-alcoholic beverages (3.0 percent vs 2.1 percent); recreation & culture (0.6 percent vs 0.1 percent) and for miscellaneous goods & services (2.3 percent vs 2.2 percent) while inflation was steady for restaurants & hotels (at 3.1 percent). The CPIF inflation, measured with a fixed interest rate, decreased to 1.7 percent from 2.1 percent in May. On a monthly basis, consumer prices dropped 0.1 percent, after a 0.3 percent gain in the prior month.
Published on 2019-07-11