Annual inflation rate in Sweden came in at 2 percent in December of 2018, the same as in the previous month and in line with market expectations, as inflation was steady for alcoholic beverages & tobacco (1.6 percent, the same as in November). Prices advanced faster for housing & utilities (4.5 percent from 4.3 percent); transport (2.5 percent from 2.3 percent); recreation & culture (1.5 percent from 1 percent) and miscellaneous goods & services (1.9 percent from 1.6 percent). On the other hand, cost slowed for food & non-alcoholic beverages (1.9 percent from 2.2 percent); restaurant & hotels (2.8 percent from 3.2 percent) and furniture & household equipment (1 percent from 1.2 percent). Meanwhile, prices continued to decline for health (-1.8 percent from -1.7 percent) and communication (-6.1 percent from -5.7 percent). On a monthly basis, consumer prices went up 0.4 percent, after a 0.1 percent fall in November. Inflation Rate in Sweden averaged 3.51 percent from 1980 until 2018, 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 2.30 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 2.00 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.