Sweden’s annual inflation rate accelerated for the sixth straight month to 3.9% in December of 2021, from 3.3% in November, slightly above market expectations of 3.8%. That was the highest inflation rate since October of 2008, mainly boosted by prices of housing & utilities (9.4% vs 5.7% in November), on account of electricity (50.5% vs 29.1%); restaurants & hotels (4.5% vs 3.8%); clothing & footwear (4% vs 2.8%); furnishings (1.9% vs 1.2%) and food & non-alcoholic beverages (1.7% vs 1%). Consumer prices, measured with a fixed interest rate, rose 4.1% year-on-year in December, the highest since December of 1993, above market expectations of 4% and the central bank's target of 2%. On a monthly basis, both the CPI and the CPIF increased by 1.3%, slightly above market expectations of 1.2%. 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 January of 2022.

Inflation Rate in Sweden is expected to be 3.70 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 1.70 percent in 2023, according to our econometric models.

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Sweden Inflation Rate


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.
Actual Previous Highest Lowest Dates Unit Frequency
3.90 3.30 15.50 -1.60 1980 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-12-14 08:30 AM Nov 3.3% 2.8% 3.2% 3.3%
2022-01-14 08:30 AM Dec 3.9% 3.3% 3.8% 3.7%
2022-02-18 07:00 AM Jan 3.9% 4.1%


Related Last Previous Unit Reference
Inflation Rate 3.90 3.30 percent Dec/21
Inflation Rate Mom 1.30 0.50 percent Dec/21
Consumer Price Index CPI 352.47 348.03 points Dec/21
Harmonised Consumer Prices 113.71 112.15 points Dec/21
Core Inflation Rate 4.10 3.60 percent Dec/21
Core Consumer Prices 231.28 228.33 points Dec/21
Producer Prices 133.50 129.80 points Dec/21
Producer Prices Change 20.10 18.10 percent Dec/21
Export Prices 128.30 127.90 points Nov/21
Import Prices 125.40 125.70 points Nov/21
Food Inflation 1.70 1.00 percent Dec/21
CPI Transportation 497.46 496.61 points Dec/21
CPI Housing Utilities 458.74 440.45 points Dec/21


News Stream
Swedish December Inflation Rate Highest since 2008
Sweden’s annual inflation rate accelerated for the sixth straight month to 3.9% in December of 2021, from 3.3% in November, slightly above market expectations of 3.8%. That was the highest inflation rate since October of 2008, mainly boosted by prices of housing & utilities (9.4% vs 5.7% in November), on account of electricity (50.5% vs 29.1%); restaurants & hotels (4.5% vs 3.8%); clothing & footwear (4% vs 2.8%); furnishings (1.9% vs 1.2%) and food & non-alcoholic beverages (1.7% vs 1%). Consumer prices, measured with a fixed interest rate, rose 4.1% year-on-year in December, the highest since December of 1993, above market expectations of 4% and the central bank's target of 2%. On a monthly basis, both the CPI and the CPIF increased by 1.3%, slightly above market expectations of 1.2%.
2022-01-14
Swedish November Inflation Rate at Over 10-Year High
Sweden’s annual inflation rate accelerated for the fifth straight month to 3.3% in November of 2021, from 2.8% in October, slightly above market expectations of 3.2%. That was the highest rate since August of 2011, mainly due to rising prices of transport (8.4% vs 7.4% in October), of which fuels & lubricants (34.8% vs 30.2%) and housing & utilities (5.7% vs 4.8%), namely electricity (29.1% vs 20.8%). Additional upward pressure came from prices of restaurants & hotels (3.8% vs 3%); clothing & footwear (2.8% vs 2.1%); education (2.8% vs 2.5%) and recreation & culture (1.8% vs 1.3%), mostly due to package holidays (17.5% vs 15.3%). Consumer prices, measured with a fixed interest rate, rose 3.6% year-on-year in November, the highest since December of 1993, above market expectations of 3.4% and the central bank's target of 2%. On a monthly basis, both the CPI and the CPIF increased by 0.5%.
2021-12-14
Sweden October Inflation Rate at Near 10-Year High
Sweden’s annual inflation rate quickened for the fourth straight month to 2.8% in October of 2021, from 2.5% in September, slightly above market expectations of 2.7%. That was the highest rate since November of 2011, on the back of prices of transport (7.4% vs 6.2% in September); housing & utilities (4.8% vs 5.1%); restaurants & hotels (3% vs 2.4%) and recreation & culture (1.3% vs flat reading). Consumer prices, measured with a fixed interest rate, rose 3.1% year-on-year in October, the fastest pace since September of 2008, above market expectations of 2.9% and the central bank's target of 2 percent. On a monthly basis, both the CPI and the CPIF increased by 0.2%.
2021-11-15