Sweden's annual inflation rate jumped to 1.6 percent in January of 2021 from 0.5 percent in the previous month, above market expectations of 1.5 percent. It was the highest inflation rate since December 2018, mainly due to rising housing costs and food prices. Consumer prices, measured with a fixed interest rate, rose 1.7 percent year-on-year in January, approaching the central bank's target of 2 percent. On a monthly basis, the CPI fell 0.4 percent and the CPIF went down 0.3 percent, both in line with market consensus. source: Statistics Sweden

Inflation Rate in Sweden averaged 3.39 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 February of 2021.

Inflation Rate in Sweden is expected to be 0.80 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 1.20 in 12 months time. In the long-term, the Sweden Inflation Rate is projected to trend around 1.40 percent in 2022, according to our econometric models.

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Sweden Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 0.50 15.50 -1.60 1980 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-12 08:30 AM Oct 0.3% 0.4% 0.4% 0.5%
2020-12-10 08:30 AM Nov 0.2% 0.3% 0.2% 0.2%
2021-01-15 08:30 AM Dec 0.5% 0.2% 0.4% 0.1%
2021-02-18 08:30 AM Jan 1.6% 0.5% 1.5% 1.4%
2021-03-12 08:30 AM Feb 1.6%
2021-04-15 07:30 AM Mar
2021-05-13 07:30 AM Apr
2021-06-11 07:30 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Swedish Inflation Rate Picks Up to 1-Year High of 1.6%
Sweden's annual inflation rate jumped to 1.6 percent in January of 2021 from 0.5 percent in the previous month, above market expectations of 1.5 percent. It was the highest inflation rate since December 2018, mainly due to rising housing costs and food prices. Consumer prices, measured with a fixed interest rate, rose 1.7 percent year-on-year in January, approaching the central bank's target of 2 percent. On a monthly basis, the CPI fell 0.4 percent and the CPIF went down 0.3 percent, both in line with market consensus.
2021-02-18
Swedish December Inflation Rate Rises to 4-Month High
Sweden's annual inflation rate increased to 0.5 percent in December of 2020 from 0.2 percent in the previous month and slightly above market expectations of 0.4 percent. It was the highest inflation rate since last August. Main upward pressure came from prices of housing & utilities (0.7 percent vs -0.2 percent in November); transport (0.5 percent vs 0.2 percent); health (1.8 percent vs 1 percent) and miscellaneous goods & services (2.7 percent vs 2.4 percent). Consumer prices, measured with a fixed interest rate, were up 0.5 percent year-on-year in December, above market expectations of 0.2 percent but well below the central bank's target of 2 percent. On a monthly basis, both the CPI and the CPIF rose 0.7 percent, above market consensus of 0.6 percent.
2021-01-15
Swedish Inflation Rate Slows to 6-Month Low
Sweden's annual inflation rate eased to 0.2 percent in November of 2020, the lowest since May and in line with market expectations. Prices slowed for transport (0.2 percent vs 0.5 percent in October), while housing & utilities cost dropped further (-0.2 percent vs -0.1 percent), due to lower prices of electricity (-12.5 percent) and fuel (-12.3 percent). Consumer prices, measured with a fixed interest rate, were up 0.2 percent year-on-year in November, above market expectations of 0.1 percent but well below the central bank's target of 2 percent. On a monthly basis, both the CPI and the CPIF were flat.
2020-12-10
Swedish Inflation Rate Slows to 5-Month Low
Sweden's annual inflation rate edged down to 0.3 percent in October 2020, the lowest since May and below market expectations of 0.4 percent. Transport cost rose at a slower pace (0.5 percent vs 0.8 percent in September), while prices fell for housing and utilities (-0.1 percent vs 0.8 percent), recreation and culture (-2.0 percent vs -2.4 percent) and restaurants and hotels (-0.2 percent vs -0.1 percent). Meanwhile, inflation picked up for food and non-alcoholic beverages (1.5 percent vs 0.9 percent) and miscellaneous goods and services (2.6 percent vs 2.4 percent). Consumer prices, measured with a fixed interest rate, were up 0.3 percent year-on-year in October, well below the central bank's target of 2 percent.
2020-11-12

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.