The Sweden CPIF inflation, measured with a fixed interest rate, edged up to 2.1% from 2% in April, the highest since December last year. The central bank targets 2% CPIF inflation, which strips out the effect of mortgages. Core Inflation Rate in Sweden averaged 2.52 percent from 1988 until 2019, reaching an all time high of 12.70 percent in February of 1991 and a record low of -0.03 percent in March of 2014.
Core Inflation Rate in Sweden is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Sweden to stand at 2.00 in 12 months time. In the long-term, the Sweden Consumer Price Index with a Fixed Interest Rate (CPIF) YoY is projected to trend around 2.00 percent in 2020, according to our econometric models.