The annual inflation rate in Sweden increased to 2.1 percent in April 2019 from 1.9 percent in the previous month and in line with market expectations. It was the highest inflation rate since October 2018, as prices advanced faster for housing & utilities (3.9 percent vs 3.3 percent in March) and transport (4.8 percent vs 2.4 percent). Meanwhile, inflation eased for food & non-alcoholic beverages (2.7 percent vs 3.2 percent); miscellaneous goods & services (2.5 percent vs 2.9 percent) furniture & household equipment (0.8 percent vs 1.4 percent) and health (2.2 percent vs 2.3 percent) while recreation & culture cost fell (-0.4 percent vs 0.5 percent). Also, hotels & restaurants inflation was steady (at 2.1 percent). The CPIF inflation, measured with a fixed interest rate, edged up to 2.0 percent from 1.8 percent in March. On a monthly basis, consumer prices increased 0.7 percent, following a 0.2 percent rise in the previous month. Inflation Rate in Sweden averaged 3.50 percent from 1980 until 2019, 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 1.70 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 2.20 in 12 months time. In the long-term, the Sweden Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.