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. source: Statistics Sweden
Inflation Rate in Sweden averaged 3.41 percent from 1980 until 2020, 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 November of 2020.
Inflation Rate in Sweden is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Sweden to stand at 1.00 in 12 months time. In the long-term, the Sweden Inflation Rate is projected to trend around 1.20 percent in 2021 and 1.40 percent in 2022, according to our econometric models.