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.

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Sweden Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-14 06:00 AM Jun 8.7% 7.3% 8.3% 7.9%
2022-08-12 06:00 AM Jul 8.5% 8.7% 8.7% 9.1%
2022-09-14 06:00 AM Aug 8.5%


Related Last Previous Unit Reference
Inflation Rate 8.50 8.70 percent Jul 2022
Inflation Rate MoM 0.10 1.40 percent Jul 2022
Harmonised Consumer Prices 119.36 119.61 points Jul 2022
Consumer Price Index CPI 371.28 370.95 points Jul 2022
Core Inflation Rate 8.00 8.50 percent Jul 2022
Core Consumer Prices 242.25 242.64 points Jul 2022
Producer Prices 137.00 133.70 points Jun 2022
Producer Prices Change 25.60 24.40 percent Jun 2022
Export Prices 138.70 135.00 points Jun 2022
Import Prices 142.20 137.10 points Jun 2022
Food Inflation 13.50 11.20 percent Jul 2022
CPI Transportation 551.61 554.08 points Jul 2022
CPI Housing Utilities 468.55 469.30 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
8.50 8.70 15.50 -1.60 1980 - 2022 percent Monthly

News Stream
Swedish Inflation Rate Eases to 8.5% in July
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%
2022-08-12
Swedish Inflation Rate Highest Since 1991
The annual inflation rate in Sweden increased to 8.7% in June of 2022 from 7.3% in the prior month, and beating market forecasts of 8.3%.This was the highest reading since July 1991, underpinned by housing and utilities (10.5%) on account of higher prices of electricity, rental and condominium apartments and housing in own homes, which include prices for repair. Additional pressure came from food and non-alcoholic beverages (11.2%); transport (13.9%) amid rising prices of cars and fuel; recreation and culture (3.9%); restaurants and hotels (10.1%); and miscellaneous goods and services (4.6%). On a monthly basis, consumer prices rose 1.4% in June, the most in three months, accelerating from a 1.0% gain in May and above forecasts of 1.1%.
2022-07-14
Sweden Inflation Rate Hits Over 3-Decade High
The annual inflation rate in Sweden climbed to 7.3% in May of 2022 from 6.4% in the prior month above market forecasts of 7.0%. This was the highest reading since December 1991, boosted by housing and utilities (8.8%) on account of higher prices of electricity and fuel, and rental and condominium apartments and housing in own homes, which include prices for repair. Additional pressure came from food and non-alcoholic beverages (8.8%); transport (10.7%) amid rising prices of cars; recreation and culture (4.1%); restaurants and hotels (6.6%); and miscellaneous goods and services (4.2%). On a monthly basis, consumer prices went up 1.0% in May, faster than a 0.6% rise in April and slightly above forecasts of 0.9%.
2022-06-14