Sweden Inflation Rate Steady at 1.6% in November

The annual inflation rate in Sweden stood at 1.6% in November 2024, unchanged from the previous two periods and in line with expectations, preliminary estimates showed.

This remains the lowest rate since July 2021.

On a monthly basis, consumer prices rose by 0.3%, the highest increase since April, up from a 0.2% rise in October but below the expected 0.5% increase.

Meanwhile, the annual CPI with a fixed interest rate (the central bank’s target variable for inflation) increased by 1.5%, as expected, marking its highest level in six months.

It rose 0.5% on a monthly basis, the largest gain since December 2023, but less than forecasts of a 0.7% increase.