Sweden’s annual inflation rate rose to 2.5 percent in September of 2021 from 2.1 percent in August but below market expectations of 2.7 percent. It was the highest since November of 2011, mainly due to prices of housing & utilities (5.1 percent vs 3.8 percent in August), namely electricity and transport (6.2 percent vs 6.4 percent), of which fuels. Additional upward pressure came from education (2.5 percent vs 2 percent); restaurants & hotels (2.4 percent vs 2.6 percent); miscellaneous goods & services (2 percent vs 1.4 percent) and food & non-alcoholic beverages (0.9 percent vs 0.3 percent). Consumer prices, measured with a fixed interest rate, rose 2.8 percent year-on-year in September, the fastest pace since October of 2008, below market expectations of 3 percent but above the central bank's target of 2 percent. On a monthly basis, both the CPI and the CPIF rose 0.5 percent. source: Statistics Sweden

Inflation Rate in Sweden averaged 3.37 percent from 1980 until 2021, 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 October of 2021.

Inflation Rate in Sweden is expected to be 2.40 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 1.40 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Sweden Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-14 07:30 AM Jun 1.3% 1.8% 1.3% 1.5%
2021-08-13 07:30 AM Jul 1.4% 1.3% 1.3% 1.3%
2021-09-14 07:30 AM Aug 2.1% 1.4% 1.7% 1.7%
2021-10-14 07:30 AM Sep 2.5% 2.1% 2.7% 2.5%
2021-11-15 08:30 AM Oct 2.5% 2.9%
2021-12-14 08:30 AM Nov


News Stream
Sweden September Inflation Rate Highest since 2011
Sweden’s annual inflation rate rose to 2.5 percent in September of 2021 from 2.1 percent in August but below market expectations of 2.7 percent. It was the highest since November of 2011, mainly due to prices of housing & utilities (5.1 percent vs 3.8 percent in August), namely electricity and transport (6.2 percent vs 6.4 percent), of which fuels. Additional upward pressure came from education (2.5 percent vs 2 percent); restaurants & hotels (2.4 percent vs 2.6 percent); miscellaneous goods & services (2 percent vs 1.4 percent) and food & non-alcoholic beverages (0.9 percent vs 0.3 percent). Consumer prices, measured with a fixed interest rate, rose 2.8 percent year-on-year in September, the fastest pace since October of 2008, below market expectations of 3 percent but above the central bank's target of 2 percent. On a monthly basis, both the CPI and the CPIF rose 0.5 percent.
2021-10-14
Sweden Inflation Rate at 4-Month High
Sweden’s annual inflation rate jumped to 2.1 percent in August of 2021 from 1.4 percent in July and faster than market expectations of 1.7 percent. It was the steepest rise in consumer prices since April, driven by prices of transports (6.4 percent vs 2.9 percent in July); clothing & footwear (4.7 percent vs 3.7 percent); food & non-alcoholic beverages (0.3 percent vs -0.3 percent); and restaurants & hotels (2.6 percent vs 2.1 percent). On the other hand, downward pressure was stronger in health (-2.9 percent vs -1.2 percent), while prices of communication (-2.8 percent vs -2.9 percent) and recreation & culture (-1.4 percent vs -3.2 percent) fell at a softer rate. Consumer prices, measured with a fixed interest rate, rose 2.4 percent year-on-year in August, above market expectations of 1.9 percent and the central bank's target of 2 percent. On a monthly basis, both the CPI and the CPIF rose 0.5 percent.
2021-09-14
Sweden July Inflation Rate Ticks Up to 1.4%
Sweden’s annual inflation rate rose slightly to 1.4 percent in July of 2021 from 1.3 percent in June, slightly above market expectations of 1.3 percent. Main upward pressure came from prices of housing & utilities (4.6 percent vs 2.6 percent in June), mostly due to increased electricity prices (24.7 percent vs 11 percent); clothing & footwear (3.7 percent, the same pace as in June) and restaurants & hotels (2.1 percent vs 1.6 percent), in particular accommodation services (7.5 percent vs 3.8 percent). On the other hand, inflation slowed for transport (2.9 percent vs 5 percent), while costs decreased for food & non-alcoholic beverages (-0.3 percent, the same pace as in June). Consumer prices, measured with a fixed interest rate, rose 1.7 percent year-on-year in July, above market expectations of 1.6 percent but below the central bank's target of 2 percent. On a monthly basis, both the CPI and the CPIF rose 0.3 percent.
2021-08-13
Sweden Inflation Rate at 6-Month Low
Sweden’s annual inflation rate eased to 1.3 percent in June of 2021, from 1.8 percent in the previous month, as expected. It was the slowest increase in consumer prices since December of 2020, amid easing pressure from prices of housing & utilities (2.6 percent vs 3.0 percent in May); transports (5.0 percent vs 7.0 percent); and clothing & footwear (3.7 percent vs 6.1 percent). Meanwhile, prices continued to decline in food & non-alcoholic beverages (-0.3 percent vs -1.0 percent); health (-1.6 percent vs -1.8 percent); communication (-2.5 percent vs -2.8 percent); and recreation & culture (-1.8 percent vs -0.4 percent). On a monthly basis, consumer prices inched up 0.1 percent, easing from a 0.2 percent increase and also in line with market forecasts.
2021-07-14

Sweden Last Unit Reference Previous Highest Lowest
Inflation Rate 2.50 percent Sep/21 2.10 15.50 -1.60
Inflation Rate Mom 0.50 percent Sep/21 0.50 3.36 -1.40
Consumer Price Index CPI 345.74 points Sep/21 343.99 345.74 27.70
Harmonised Consumer Prices 111.29 points Sep/21 110.72 111.29 74.35
Core Inflation Rate 2.80 percent Sep/21 2.40 12.70 -0.40
Core Consumer Prices 226.72 points Sep/21 225.53 226.72 98.21
Producer Prices 126.20 points Aug/21 123.80 126.20 67.00
Producer Prices Change 15.80 percent Aug/21 13.50 15.80 -5.29
Export Prices 126.80 points Aug/21 124.10 127.30 77.10
Import Prices 119.60 points Aug/21 117.90 128.20 63.60
Food Inflation 0.90 percent Sep/21 0.30 16.13 -7.74
CPI Transportation 489.24 points Sep/21 492.88 492.88 94.60
CPI Housing Utilities 439.53 points Sep/21 432.95 439.53 95.36


Sweden Inflation Rate
In Sweden, the most important category in the consumer price index is Housing and Utilities (23 percent of total weight). Food and Non-Alcoholic Beverages accounts for 14 percent; Transport for 14 percent; Recreation and Culture for 12 percent; Restaurants and Hotels for 7 percent and Miscellaneous Goods and Services for 7 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 22.5 percent of total weight.