Sweden’s annual inflation rate quickened for the fourth straight month to 2.8% in October of 2021, from 2.5% in September, slightly above market expectations of 2.7%. That was the highest rate since November of 2011, on the back of prices of transport (7.4% vs 6.2% in September); housing & utilities (4.8% vs 5.1%); restaurants & hotels (3% vs 2.4%) and recreation & culture (1.3% vs flat reading). Consumer prices, measured with a fixed interest rate, rose 3.1% year-on-year in October, the fastest pace since September of 2008, above market expectations of 2.9% and the central bank's target of 2 percent. On a monthly basis, both the CPI and the CPIF increased by 0.2%. source: Statistics Sweden
Inflation Rate in Sweden averaged 3.37 percent from 1980 until 2021, 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 December of 2021.
Inflation Rate in Sweden is expected to be 3.00 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 1.40 percent in 2022 and 1.70 percent in 2023, according to our econometric models.