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.

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Sweden Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 15.50 -1.60 1980 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-12 07:30 AM Jul 0.5% 0.7% 0.3% 0.6%
2020-09-10 07:30 AM Aug 0.8% 0.5% 0.9% 0.7%
2020-10-13 07:30 AM Sep 0.4% 0.8% 0.6% 0.5%
2020-11-12 08:30 AM Oct 0.3% 0.4% 0.4% 0.5%
2020-12-10 08:30 AM Nov 0.3%
2021-01-15 08:30 AM Dec
2021-02-19 08:30 AM Jan
2021-03-12 08:30 AM Feb


News Stream
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.
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.
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%.
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.
2020-08-12

Sweden Inflation Rate
In Sweden, the most important category in the consumer price index is Housing and Utilities (23 percent of total weight). Food and Non-Alcoholic Beverages accounts for 14 percent; Transport for 14 percent; Recreation and Culture for 12 percent; Restaurants and Hotels for 7 percent and Miscellaneous Goods and Services for 7 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 22.5 percent of total weight.