The annual inflation rate in Sweden slowed to 0.8% in December 2024, down from 1.6% in the previous three months and below market expectations of 1%, according to preliminary estimates. This marked the lowest rate since December 2020 and the fifth consecutive period below the Riksbank's 2% target. On a monthly basis, consumer prices were unchanged, following a 0.3% rise in November and missing forecasts of a 0.2% increase. Meanwhile, the annual CPI with a fixed interest rate (the central bank's target measure) rose by 1.5%, easing from a six-month high of 1.8% and below the expected 1.7%. Monthly, it increased by 0.3%, slowing from November's 0.5% rise and less than the 0.4% forecast. source: Statistics Sweden

Inflation Rate in Sweden decreased to 0.80 percent in December from 1.60 percent in November of 2024. Inflation Rate in Sweden averaged 3.58 percent from 1980 until 2024, 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 January of 2025.

Inflation Rate in Sweden decreased to 0.80 percent in December from 1.60 percent in November of 2024. Inflation Rate in Sweden is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Inflation Rate is projected to trend around 1.50 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-12 07:00 AM Inflation Rate YoY Final Nov 1.6% 1.6% 1.6% 1.6%
2025-01-08 07:00 AM Inflation Rate YoY Prel Dec 0.8% 1.6% 1% 1.3%
2025-01-15 07:00 AM Inflation Rate YoY Final Dec 1.6% 0.8%


Related Last Previous Unit Reference
CPI 416.75 415.51 points Nov 2024
Core Consumer Prices 248.23 248.77 points Nov 2024
CPI Housing Utilities 573.15 562.64 points Nov 2024
CPI Transportation 547.34 551.11 points Nov 2024
CPI with fixed interest rate MoM 0.30 0.50 percent Dec 2024
CPI with fixed interest rate YoY 1.50 1.80 percent Dec 2024
Export Prices 137.40 134.60 points Nov 2024
Food Inflation 1.90 1.75 percent Nov 2024
Harmonised Consumer Prices 130.11 129.36 points Nov 2024
Import Prices 140.00 138.50 points Nov 2024
Inflation Rate YoY 0.80 1.60 percent Dec 2024
Inflation Rate MoM 0.00 0.30 percent Dec 2024
Producer Prices 134.90 130.90 points Nov 2024
PPI YoY 0.30 -1.30 percent Nov 2024

Sweden Inflation Rate
In Sweden, the most important categories in the Consumer Price Index is Housing & Utilities (24% of the total weight). Food & Non-alcoholic Beverages account for 14%; Transport for 13%; Recreation & Culture for 13%; Miscellaneous Goods & Services for 8%; and Furniture, Household Goods & Maintenance (7%). Others also includes: Restaurant & Hotels (6%), Clothing & Footwear (4%), Alcoholic Beverages & Tobacco (4%), Health (4%), Communications (3%), and Education (0.30%).
Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.60 15.50 -1.60 1980 - 2024 percent Monthly


News Stream
Sweden Inflation Rate Lowest in 4 Years
The annual inflation rate in Sweden slowed to 0.8% in December 2024, down from 1.6% in the previous three months and below market expectations of 1%, according to preliminary estimates. This marked the lowest rate since December 2020 and the fifth consecutive period below the Riksbank's 2% target. On a monthly basis, consumer prices were unchanged, following a 0.3% rise in November and missing forecasts of a 0.2% increase. Meanwhile, the annual CPI with a fixed interest rate (the central bank's target measure) rose by 1.5%, easing from a six-month high of 1.8% and below the expected 1.7%. Monthly, it increased by 0.3%, slowing from November's 0.5% rise and less than the 0.4% forecast.
2025-01-08
Sweden Inflation Confirmed Steady at 1.6%
The annual inflation rate in Sweden stood at 1.6% in November 2024, unchanged from the previous two months, remaining at its lowest level since July 2021. Price growth slowed significantly for housing and utilities (1.72% vs. 3.29% in October), while deflation continued in transport (-2.27% vs. -2.34%) and furnishings and household goods (-0.51% vs. -1.08%). In contrast, inflation accelerated for food and non-alcoholic beverages (1.90% vs. 1.75%), recreation and culture (1.89% vs. 0.04%), and clothing and footwear (3.68% vs. 2.29%). Meanwhile, the consumer price index with a fixed interest rate, the central bank's preferred measure for its inflation target, grew 1.8% year-on-year, slightly below initial estimates of 1.9%, and rose 0.5% over the month. The overall CPI increased by 0.3% month-on-month, following a 0.2% rise in the previous two periods.
2024-12-12
Sweden Inflation Rate Steady at 1.6% in November
The annual inflation rate in Sweden stood at 1.6% in November 2024, unchanged from the previous two periods and in line with expectations, preliminary estimates showed. This remains the lowest rate since July 2021. On a monthly basis, consumer prices rose by 0.3%, the highest increase since April, up from a 0.2% rise in October but below the expected 0.5% increase. Meanwhile, the annual CPI with a fixed interest rate (the central bank’s target variable for inflation) increased by 1.5%, as expected, marking its highest level in six months. It rose 0.5% on a monthly basis, the largest gain since December 2023, but less than forecasts of a 0.7% increase.
2024-12-05