The annual inflation rate in Sweden declined for the first time in six months to 8.5% in July of 2022 from 8.7% in the prior month, and below market forecasts of 8.7%, due to a softer rise in prices of housing and utilities (9.1% vs 10.5% in June), transport (12.4% vs 13.9%), recreation and culture (3.8% vs 3.9%), and restaurants and hotels (8.9% vs 10.1%). However, the inflation rate remains close to the highest reading since July 1991, as prices of food and non-alcoholic beverages jumping to the most since May 1984 (13.5% vs 11.2% in June). Also, miscellaneous goods and services rose faster (5.4% vs 4.6%). On a monthly basis, consumer prices edged up 0.1% in July, the least in six months, slowing from a 1.4% gain in June and below forecasts of 0.3% source: Statistics Sweden
Inflation Rate in Sweden averaged 3.41 percent from 1980 until 2022, reaching an all time high of 15.50 percent in October of 1980 and a record low of -1.60 percent in September of 2009. This page provides - Sweden Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Inflation Rate in Sweden is expected to be 7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Inflation Rate is projected to trend around 3.70 percent in 2023 and 1.70 percent in 2024, according to our econometric models.