Annual inflation rate in Sweden was at 1.9 percent in February 2019, unchanged from the previous month and slightly below market expectations of 2 percent. Prices rose further for food & non-alcoholic beverages (2.7 percent from 1.6 percent in February); transport (2.7 percent from 1.7 percent); restaurant & hotels (2.0 percent from 1.5 percent); miscellaneous goods & services (2.9 percent from 2.7 percent); health (1.5 percent from 0.3 percent) and alcoholic beverages & tobacco (1.8 percent from 1.7 percent). On the other hand, prices eased for housing & utilities (4.1 percent from 4.8 percent); recreation & culture (a flat reading from 0.5 percent); and furniture & household equipment (0.2 percent from 0.9 percent). Also, cost of communication fell at a faster pace (-7.0 percent from -6.3 percent). On a monthly basis, consumer prices went up 0.7 percent, after declining 1.0 percent in the prior month. Inflation Rate in Sweden averaged 3.50 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 1.80 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 2.30 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.