Sweden Inflation Rate Down to -0.5% in April

The inflation rate was -0.5 percent in April, down from 0.0 percent in March. The Swedish Consumer Price Index decreased by an average of 0.2 percent from March 2013 to April 2013 (0.2 percent increase from March 2012 to April 2012).

Price decreases for fuels (-1.8 percent) and package holidays (-10.6 percent) contributed downwards by 0.1 percentage point each to the change from March to April. Lower prices for clothing (-0.9 percent), electricity (-0.9 percent), transport services (-1.3 percent) and furnishings and household equipment (-0.6 percent) contributed together downwards by 0.2 percentage points.
The decrease was offset by higher food prices (0.6 percent) and higher footwear prices (6.6 percent) which contributed upwards by 0.1 percentage point each from March to April. Higher rents (0.6 percent) contributed upwards by another 0.1 percentage point.
HICP decreased by 0.2 percent from March 2013 to April 2013 and were unchanged since April of 2012.

SCB | Nuno Fontes | nuno@tradingeconomics.com
5/14/2013 8:58:21 AM