Sweden Inflation Rate

Last Release

May 31, 2024

Actual

3.7

Units In

3.9

Frequency

Monthly

Next Release

Jul 12, 2024

Time to Release

23 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
15.5 Oct 1980	-1.6 Sep 2009	3.61 %	1980-2024	Statistics Sweden

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.

Latest Updates

The annual inflation rate in Sweden slowed to 3.7% in May 2024, down from 3.9% in the previous month but above market forecasts of 3.5%. Still, it was the lowest reading since January 2022, primarily driven by easing prices of housing & utilities (7.5% vs 8.6% in April), recreation & culture (1.8% vs 2.4%), and restaurants & hotels (4.9% vs 5.6%). In contrast, costs accelerated for food & non-alcoholic beverages (1.5% vs 0.7%), and transport (2.4% vs 0.2%). Meanwhile, the consumer price index with a fixed interest rate, rose by 2.3% year-on-year in May, the same pace as in the prior period. On a monthly basis, the CPI grew 0.2%, slightly down from a 0.3% rise in April and against market estimates of a 0.1% fall.