Sweden's consumer price inflation slowed to 2 percent year-on-year in November 2018 from 2.3 percent in the previous month and in line with market expectations, as prices rose at a softer pace for: transport (2.3 percent vs 4.3 percent in October); food and non-alcoholic beverages (2.2 percent vs 2.3 percent); and miscellaneous goods and services (1.6 percent vs 1.7 percent). On the other hand, inflation picked up for: housing and utilities (4.3 percent vs 4.1 percent); recreation and culture (1 percent vs 0.8 percent); and restaurants and hotels (3.2 percent vs 2.6 percent). The CPIF inflation, measured with a fixed interest rate, eased to 2.1 percent in November from 2.4 percent in October, still remaining above the central bank's 2 percent target. On a monthly basis, consumer prices fell 0.1 percent and the core index also declined 0.1 percent. Inflation Rate in Sweden averaged 3.51 percent from 1980 until 2018, 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.
Inflation Rate in Sweden is expected to be 2.20 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 2.40 in 12 months time. In the long-term, the Sweden Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.