Sweden Inflation Rate Lowest in 4 Years

The annual inflation rate in Sweden slowed to 0.8% in December 2024, down from 1.6% in the previous three months and below market expectations of 1%, according to preliminary estimates.

This marked the lowest rate since December 2020 and the fifth consecutive period below the Riksbank's 2% target.

On a monthly basis, consumer prices were unchanged, following a 0.3% rise in November and missing forecasts of a 0.2% increase.

Meanwhile, the annual CPI with a fixed interest rate (the central bank's target measure) rose by 1.5%, easing from a six-month high of 1.8% and below the expected 1.7%.

Monthly, it increased by 0.3%, slowing from November's 0.5% rise and less than the 0.4% forecast.