Sweden Inflation Rate

Last Release

Oct 31, 2024

Actual

1.6

Units In

1.6

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
15.5 Oct 1980	-1.6 Sep 2009	3.59 %	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 stood at 1.6% in October 2024, unchanged from the previous month. This remained the lowest rate since July 2021, mainly due to softer price increases for food and non-alcoholic beverages (1.75% vs 2.11% in September), housing and utilities (3.29% vs 4.39%), and health (4.2% vs 5.06%). At the same time, costs continued to drop but at a slower rate for transport (-2.34% vs -3.91%), communication (-3.52% vs -4.03%), and furnishings and household goods (-1.08% vs -1.65%). Conversely, prices rose for clothing and footwear (2.29% vs 1.51%) and restaurants and hotels (4.07% vs 3.77%). Meanwhile, the consumer price index with fixed interest rate, the central bank's target variable for the inflation target, grew 1.5%, following a 1.1% rise in September. On a monthly basis, the CPI advanced 0.2% in October, the same pace as in the prior month.