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%. source: Statistics Sweden
Inflation Rate in Sweden averaged 3.39 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 July of 2022.
Inflation Rate in Sweden is expected to be 7.80 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.