Annual inflation rate in Sweden fell to 1.8 percent in June 2019 from 2.2 percent in the previous month and slightly below market expectations of 1.9 percent. It was the lowest inflation rate since April 2018, as prices slowed for housing & utilities (2.4 percent vs 4.1 percent in May) and transport (2.8 percent vs 3.6 percent) while cost continued to decline for clothing & footwear (-0.9 percent vs -0.2 percent) and communication (-8.1 percent vs -7.1 percent). On the other hand, prices advanced faster for food & non-alcoholic beverages (3.0 percent vs 2.1 percent); recreation & culture (0.6 percent vs 0.1 percent) and for miscellaneous goods & services (2.3 percent vs 2.2 percent) while inflation was steady for restaurants & hotels (at 3.1 percent). The CPIF inflation, measured with a fixed interest rate, decreased to 1.7 percent from 2.1 percent in May. On a monthly basis, consumer prices dropped 0.1 percent, after a 0.3 percent gain in the prior month. Inflation Rate in Sweden averaged 3.49 percent from 1980 until 2019, 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 1.70 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 3.00 percent in 2020, according to our econometric models.