The annual inflation rate in Sweden stood at 2.3 percent in October 2018, unchanged from the prior month and slightly below market expectations of 2.4 percent. It is the highest inflation rate since December 2011, as prices continued to climb mostly for housing & utilities (4.1% vs 3.9% in September) and transport (4.3% vs 3.8%). Also, inflation quickened for miscellaneous goods & services (1.7% vs 1.3%) and furnishings (1.6% vs 1.4%). Meanwhile, cost slowed for food & non-alcoholic beverages (2.3% vs 3.1%); recreation & culture (0.8% vs 1.6%) and restaurants & hotels (2.6% vs 2.9%). At the same time, the CPIF (consumer price index measured with a fixed interest rate) eased to 2.4 percent on a yearly basis (2.5% in September), below estimates of 2.6 percent. On a monthly basis, consumer prices dropped 0.1 percent, compared to a 0.5 percent gain in September and against market consensus of a 0.3 percent increase. Inflation Rate in Sweden averaged 3.52 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.