Twitter The inflation rate was mainly affected by higher energy prices, which contributed by 2.2 percentage points. LinkedIn Sweden Inflation Rate MoM Download The Consumer Price Index in Sweden increased 1.80 percent in August of 2022 over the previous month. Statista. The CPIF shows the same price trend as the CPI, but without the direct effects of a changed monetary policy. On a monthly basis, the inflation rate according to the CPIF rose by 1.7 percent from February to March. Sweden inflation rate for 2021 was 216 a 167 increase from 2020. The inflation rate according to the CPIF, that is, the change in the CPIF over the past 12-month period, was 6.1 percent in February 2022, up from 4,5 percent in February. Food prices increased, where the prices of dairy products had a particular impact. . sweden's producer price inflation eased to a five-month low in july, while the unemployment rate declined for the first time in three months, official figures revealed on friday.the figures from statistics sweden showed that producer price index climbed 20.4 per cent year-on-year in july, slower than the 25.6 per cent surge in june, reports dpa In, Statistics Sweden. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Sweden's Prime Minister Magdalena Andersson holds a press conference after having handed in her formal resignation, in Stockholm, Sweden, Thursday Sept. 15, 2022. Due to the book sale that usually starts at the end of February, and lasts some way into March, the prices of books fell, which is seasonally normal. Download a sample report now. Sweden inflation rate for 2020 was 0.50%, a 1.29% decline from 2019. Main upward pressure came from prices of housing and utilities (4.9%), namely costs of owning the home rose together with higher electricity prices. The results are presented by COICOP category. Also, miscellaneous goods and services rose faster (5.4% vs 4.6%). Similarly, the prices of various goods and services increased. In March 2022, the price increase was significantly larger than the corresponding period last year. This is shown by Statistics Sweden's latest figures. Inflation rose to 9.7 percent in September, which is an increase compared to August. My Cart While food prices had a more positive increase this year than they had last year and the year before. The annual inflation rate in Sweden climbed to 10.8% in September of 2022 from 9.8% in the prior month, topping market forecasts of 10.5%. The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. Online Store The inflation rate according to the CPIF excluding energy was 4.1 percent in February, up from 3.4 percent in January. The CPIF is the Riksbanks target variable, while the CPI is the measure used for purposes of compensation. The HICP (Harmonised Index of Consumer Prices) is produced by all EU Member States. The 2022 edition of Melodifestivalen featured four heats, a semi-finals show (replacing the previously-held Second Chance round) and a final, and saw 28 acts compete. Jump to: Countries with the Highest Inflation Rates Countries with Hyperinflation Russian Inflation "The inflation rate rose sharply because of a general and broad price increase. facts. Basic Info Sweden Inflation Rate is at 10.30%, compared to 9.50% last month and 3.00% last year. march 2022: 6.318 %: february 2022: 4.436 %: january 2022: 3.909 %: december 2021: 4.522 %: HICP SE recent years. Inflation jumps to highest level in over three decades in March. About On a monthly basis, the inflation rate according to the CPIF rose by 1.7 percent from February to March. On a monthly basis, consumer prices edged up 0.1% in July, the least in six months, slowing from a 1.4% gain in June and below forecasts of 0.3%. We have a plan for your needs. march 2022: 5.967 %: february 2022: 4.292 %: january . This was the highest figure since December 1990, as prices of food and non-alcoholic beverages rose the most since August 1981 (16.1% vs 14.0% in August). Google+, Copyright: 2022. Press Are you interested in testing our corporate solutions? To use individual functions (e.g., mark statistics as favourites, set Jun 9, 2022 This statistic shows the average inflation rate in Sweden from 1987 to 2021, with projections up until 2027. The table below shows changes on a monthly basis and contributions to the CPIF based on the goods and services that had the greatest impact on the CPIF in March 2022. Worldwide, food prices increased by 33.6% from March 2021 to March 2022. COICOP refers to the United Nations classification of household consumption expenditure. This measure has a somewhat smaller coverage than the CPI and the CPIF, mainly because parts of households housing costs are omitted. Download a sample report now. May 12, 2022, 2:53 AM. Other increases were seen for food and non-alcoholic beverages (5%); transport (9%), largely affected . Statistics Sweden. In the CPIF-XE, energy products are excluded from the CPIF, while in the CPIF-CT the taxes and subsidies associated with the products in the CPIF are kept constant. Consumer prices with a fixed interest rate rose 0.17% in March over the previous month, moderating from the 0.30% increase recorded in February. Inflation Sweden - sweden harmonised consumer price index HICP home: economic-indicators: inflation: consumer-prices: hicp: Inflation Sweden (HICP) Charts - historic harmonised inflation figures . There were also seasonal trends for March with rising prices for clothing and shoes while prices of books fell. - There are few who believe that it . This year, Sweden's inflation rate was higher than ever, even higher than the predictions made by analysts, crossing even SEB's bearish prediction of 6%. Advanced users can use our Python/R/Matlab packages. October 2022 Data - 1980-2021 Historical - November Forecast, Swedish Household Spending Falls for 4th Month, Swedish Industrial Output Growth Accelerates in September, Swedish Service Sector Growth Quickens in October, Swedish Manufacturing PMI Lowest Since May 2020, Swedish Consumer Morale Lowest Since 1993, Swedish Business Morale Drops to 26-Month Low, Poland Holds Interest Rate Steady for 2nd Meeting, South African Stocks End at Near 2-Month High, Ecuador Inflation Rate Slows to 4% in October. heating (04.S), The highest inflation rate according to the CPIF since December 1991, Prices on electricity and fuel sharply increased, There were many price increases on food, where dairy products affected the most, Restaurant visits, furniture and vehicle purchases contributed to the high inflation rate, The inflation rate according to CPIF excluding energy increased from 3.4 percent in February to 4.1 percent in March. Inflation accelerated throughout the first four months of 2022, to reach 6.4% y-o-y in April, the highest since December 1991. LinkedIn March's result was the highest inflation rate since December 1991. On top of all the other global crises, the result will be While low-income households are feeling the greatest strain from extreme inflation, the share of high earners reporting financial stress due to inflation nearly doubled from March, according to a poll by The Wall Street Journal released Monday. 2022-10-13T06:23:01.705Z. Swedish March inflation rate is at an over 30-year high, which is the highest since December 1991 and well above market expectations of 5.6%. The Trading Economics Application Programming Interface (API) provides direct access to our data. Statistics Sweden calculates different inflation measures for different purposes. Currently, you are using a shared account. Inflation in Sweden has increased more than 62% since January 2022. period: inflation: september 2022 . Meanwhile, the trend pointed up, with annual average inflation rose to 3.2% in March (February: 2.8%). Nordea Inflation forecast 2022-10-20.pdf. Chart. By continuing your surfing on our website you agree to the use of cookies. Additional upward pressures also came from cost of housing and utilities (15.1% vs 9.1%), transport (9.6% vs 12.4%), recreation and culture (3.9% vs 3.8%), restaurants and hotels (9.8% vs 8.9%), and miscellaneous goods and services (5.1% vs 5.4%). The CPIF excluding energy (CPIF-XE) and the CPIF with constant tax (CPIF-CT) are two other measures of inflation produced by Statistics Sweden on behalf of the Riksbank. Inflation in Sweden hit a higher than expected 97 percent in September making it likely that the countrys. The CPIF rose by 1.7 percent from February to March. Photo Credit: Sara Ingman. COPENHAGEN, Denmark -- Inflation in Sweden increased last month to its highest level since 1991, officials said Thursday, as countries worldwide grapple with surging prices . The Laspeyres formula is generally used. The pick-up was broad-based, with greater price pressures recorded for housing, water, electricity, gas and other fuels, transportation, and food and non-alcoholic beverages. Against a backdrop of high energy prices and ongoing supply-side disruptions, inflation continues to rise in Sweden, but may be close to peaking. This is higher than the long term average of 1.67%. Author: FocusEconomics Food prices could rise by 12% this year. LinkedIn The annual inflation rate in Sweden increased to 9.8% in August of 2022 from 8.5% in the prior month, and beating market forecasts of 9.6%. On a monthly basis, consumer prices rose 1.8% in August, accelerating from a 0.1% rise in July, the most in five months, and matching forecasts. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. The economy fared well in the third quarter of 2022 and defied fears of a contraction. Over the 12-month period from March 2022 through February 2023, the inflation that has already occurred will cost the average American household $tk even if prices stop increasing altogether. To calculate cumulative rates between two different periods, you can use the Sweden Inflation Calculator. November 9th, 2022, 4:52 AM PST. In Sweden, the price of electricity has increased by 34% since March of last year, while the price of fuel has increased by 46.8%. Home > News > The figure above shows the monthly changes this year and in the two most recent years for the goods and services with the largest impact on the CPIF monthly change. Download Historical Data. Accessed November 09, 2022. https://www.statista.com/statistics/529547/sweden-monthly-inflation-rate-of-cpi/, Statistics Sweden. The pick-up was broad-based, with greater price pressures recorded for housing, water, electricity, gas and other fuels, transportation, and food and non-alcoholic beverages. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information The economy fared well in the third quarter of 2022 and defied fears of a contraction. Price changes on goods and services may be seasonal or temporary. The Swedish Krona has lost 94% its value since 1956. CPIF inflation in annual terms came in at 6.1% in March, which was up from Februarys 4.5%. The Swedish CPI shows the change in prices of a standard package of goods and services which Swedish households purchase for consumption. Statistical news from Statistics Sweden | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Inflation jumps to highest level in over three decades in March, Sweden: Economic growth beats expectations and maintains momentum in Q3 according to advanced data, Sweden: Economic sentiment plunges to over two-year low in October, Sweden: CPIF comes in at highest level since June 1991 in September, Sweden: Industrial activity records largest drop in over two years in August, Sweden: Economic sentiment plunges to over two-year low in September. The economic tendency indicator (ETI) deteriorated once again in October, coming in at 84.6, down from Septembers 90.8. The economic tendency indicator (ETI) deteriorated once again in October, coming in at 84.6, down from Septembers 90.8. This marks a decrease from June when the inflation rate was 8.5 percent. Sweden inflation rate for 2019 was 1.78%, a 0.17% decline from 2018. Hammarbybacken 2H - 1 March 2022. In the corresponding period a year ago, the CPIF increased by 0.2 percent. Home > News > The CPIF is the Riksbanks target variable for the inflation target. The annual inflation rate in Sweden increased to 6.0% in March of 2022, the highest since December of 1991, and above market forecasts . Tim Aro /TT/Tim Aro/TT Inflation Rate in Sweden increased by 108 in September 2022 over the same month in the . Twitter Updated: October 13, 2022. kr100 in 1956 is equivalent in purchasing power to about kr1,548.81 today, an increase of kr1,448.81 over 66 years. Then you can access your favorite statistics via the star in the header. Additional upward pressures also came from cost of housing and utilities (17.3% vs 15.1%), health (5.4% vs 5.4%), transport (9.7% vs 9.6%), recreation and culture (4.4% vs 3.9%), education (5.3% vs 5.6%), restaurants and hotels (9.8% vs 9.7%), and miscellaneous goods and services (4.2% vs 5.1%). The Swedish inflation rate rose to 6.1 percent year-on-year in March, according to Statistics Sweden, reaching its highest point in 30 years. The economic tendency indicator (ETI) deteriorated for a 14th consecutive month in September, coming in at 90.8, down from Augusts 97.2. JPMorgan Asset Management Chief Global Strategist David Kelly says US inflation has peaked, falling "gradually" to the 5% range by March, and sees opportunities . March's result was the highest inflation rate since December 1991. Profit from the additional features of your individual account. When we talk about the rate of inflation in Sweden, this often refers to the rate of inflation based on the consumer price index, or CPI for short. The economic tendency indicator (ETI) deteriorated for a 14th consecutive month in September, coming in at 90.8, down from Augusts 97.2. Read more Historical Annual Inflation Rates from 1956 Following link provides you with an overview of current inflation by country (CPI) . Trading Economics welcomes candidates from around the world. Current job openings: Download historical data for 20 million indicators using your browser. It was the highest inflation rate since June of 1991, with the prices of food and non-alcoholic beverages jumping 14%, the most since February 1984 (vs 13.5% in July). Annual inflation rate in Sweden increased to 4.3% in February of 2022, the highest since September of 2008, and above market forecasts of 3.9%. Restaurant visits, furnishings, household equipment and routine maintenance of the house also recorded rising prices. April's result marked, once again, the highest inflation rate since December 1991. Direct access to our data from your apps using any programing language. Never miss out on our latest data,analysis and industryevents. Looking for forecasts related to Inflation in Sweden? Sweden hit with highest inflation rate in over 30 years. There were Increased housing costs and costs of owning the home which includes value of the service. Lastly, consumer prices with a fixed interest rate rose 1.14% over the previous month in September, slowing down from August's 1.47% rise. The protests have been reported in France, Germany, Romania, and Czech Republic.. Energy prices have pushed eurozone inflation to a record 9.9%, making it more difficult for individuals to buy their needs. The CPIF (Consumer Price Index with fixed interest rate) 12-month inflation rate was 6.1 percent in March 2022, up from 4.5 percent in February. Consumer prices with a fixed interest rate increased 1.73% over the previous month in March, accelerating from the 0.85% increase logged in February. The annual inflation rate in Sweden increased to 9.8% in August of 2022 from 8.5% in the prior month, and beating market forecasts of 9.6%. Historical Data (index points) by years Data Period Date Historical Chart by prime ministers (index points) Kjell Lfven John Reinfeldt Hans Persson Statistical news from Statistics Sweden 2022-03-14 8.00 The CPIF (Consumer Price Index with fixed interest rate) 12-month inflation rate was 4.5 percent in February 2022, up from 3.9 percent in January. Data published Monthly by Statistics. and over 1Mio. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Inflation jumps to highest level in over three decades in March. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Electricity prices increased in March 2022, unlike the same time in the last year and two years ago when electricity prices fell. In contrast to March 2020, when prices fell. March's result was the highest inflation rate since December 1991. RTTNews - Swedens consumer price inflation accelerated more-than-expected in September to reach its highest level in nearly thirty-two. Consumer price with a fixed interest rate inflation soared to 9.7% in September, up from Augusts 9.0%. Google+, Facebook | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Inflation jumps to highest level in over three decades in March, Sweden: Economic growth beats expectations and maintains momentum in Q3 according to advanced data, Sweden: Economic sentiment plunges to over two-year low in October, Sweden: CPIF comes in at highest level since June 1991 in September, Sweden: Industrial activity records largest drop in over two years in August, Sweden: Economic sentiment plunges to over two-year low in September. inflation - CPI inflation - HICP Chart - CPI inflation Sweden 2022 (yearly basis) The average inflation of Sweden in 2022: 7.27 % Table - 2022 inflation Sweden (CPI) Historic CPI inflation Sweden Share Use Ask Statista Research Service, Change compared to the same month one year before, Electricity prices for households in Sweden 2010-2021, semi-annually, Electricity prices for households in Denmark 2011-2021, semi-annually, Electricity prices for households in Iceland 2012-2021, semi-annually, Monthly wholesale electricity prices in Norway 2019-2022. Inflation Forecast Sweden. Our main task is to supply users and customers with statistics for decision making, debate and research. The rise of prices has been attributed to the 2022 Russian invasion of Ukraine. Press My Cart The inflation rate according to the CPIF (Consumer Price Index with a fixed interest rate), ie the change from the same month last year, was 6.1 per cent in March 2022. "The rate of inflation has taken a big leap as a result of a general, broad-based increase in prices," said Caroline Neander, a statistician at the agency. With four slopes and two lifts, Hammarbybacken provides for downhill skiing in central Stockholm. Inflation in Sweden continues to rise - landed at 9.7 percent in September . By contrast, cost of communication fell further (-0.5% vs -0.4%). Learn more about how Statista can support your business. In addition, prices for . Car prices rose and miscellaneous goods and services also rose. The maximum level was 341 index points and minimum was 27.7 index points. The World Inflation Rate The average inflation rate around the world is 7.4%. Please see Nordea's forecast for Swedish inflation in the attached PDF-file. Get full access to all features within our Corporate Solutions. In Sweden, the most important category in the consumer price index is Housing and Utilities (23 percent of total weight). March's uptick was the highest reading since January 1993. API users can feed a custom application. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q2 2022, Profit from additional features with an Employee Account. Never miss out on our latest data,analysis and industryevents. Additional contributing factors were higher prices for food and non-alcoholic beverages. 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. Twitter Prices on furnishings, household equipment and routine maintenance of the house rose slightly more in March this year than in March last year. In recent years in March, the fuel prices have both increased and decreased. Inflation Rate in Sweden increased by 98 in August 2022 over the same month in the previous year. In this article, we will look at global inflation rates by country and inflation around the world. August 18, 2022 The CPIF (Consumer Price Index with fixed interest rate) in Sweden 12-month inflation rate was 8.0 percent in July 2022. Prices on food and non-alcoholic beverages rose, but mainly it was rising electricity and fuel prices that had a major impact," says Caroline Neander, statistician at Statistics Sweden. Google+, Facebook The inflation rate rose sharply because of a general and broad price increase. Restaurant visits and hotels became more expensive, as did recreation and culture. Especially the spring and summer of 2022 saw an increase in the Consumer Price Index (CPI) compared to the corresponding months one year before. WARSAW, Nov 7 (Reuters) - Poland will modify anti-inflation policies opposed by the European Union to avoid another dispute with Brussels, the prime minister said on Monday, as the country . FocusEconomics Consensus Forecast panelists see CPIF inflation averaging 4.6% in 2022, which is up 1.2 percentage points from last month's forecast, and 2.2% in 2023. Online Store Please do not hesitate to contact me. Consumer prices with a fixed interest rate increased 1.73% over the previous month in March, accelerating from the 0.85% increase logged in February. (October 13, 2022). Annual change in the monthly Consumer Price Index (CPI) in Sweden from January 2020 to September 2022 [Graph]. Sweden inflation rate for 2018 was 1.95%, a 0.16% increase from 2017. The CPIF (Consumer Price Index with fixed interest rate) 12-month inflation rate was 6.1 percent in March 2022, up from 4.5 percent in February. It was held between 5 February and 12 March 2022 in Stockholm, with the first three heats held at the Avicii Arena, and the remaining heat, the semi-finals and the final at the Friends Arena. If you are an admin, please authenticate by logging in again. Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden. Please create an employee account to be able to mark statistics as favorites. 2022-04-14 8.00. Article by Torbjrn Isaksson. ", Statistics Sweden, Annual change in the monthly Consumer Price Index (CPI) in Sweden from January 2020 to September 2022 Statista, https://www.statista.com/statistics/529547/sweden-monthly-inflation-rate-of-cpi/ (last visited November 09, 2022), Annual change in the monthly Consumer Price Index (CPI) in Sweden from January 2020 to September 2022, Monthly inflation rate (CPI) in Denmark 2020-2022, Monthly inflation rate (CPI) in Finland 2019-2022, Monthly annual inflation rate in Iceland 2020-2022, Monthly inflation rate (CPI) in Norway 2020-2022, Monthly inflation rate (CPI) in Sweden 2020-2022, Annual average Consumer Price Index (CPI) in Denmark 2000-2021, Monthly consumer price index (CPI) in Denmark 2020-2022, Monthly inflation rate (CPI) in Denmark 2021-2022, by selected commodity groups, Prices of diesel fuel in Denmark 2000-2021, Monthly Consumer Confidence Index (CCI) in Denmark 2010-2022, Consumer price index in Finland 2005-2021, Monthly Consumer Price Index (CPI) in Finland 2019-2022, Consumer price index of non-alcoholic beverages in Finland 2011-2021, Consumer price index of electricity in Finland 2011-2021, Average prices of diesel fuel in Finland 2000-2021, Electricity prices for households in Finland 2010-2021, semi-annually, Monthly Consumer Confidence Index (CCI) in Finland 2010-2022, Annual average consumer price index (CPI) in Iceland 2000-2021, Consumer Price Index (CPI) in Iceland 2020-2022, Consumer Price Index (CPI) in Iceland 2021-2022, by selected commodity groups, Consumer price index (CPI) of food and beverages in Iceland monthly 2020-2022, Consumer price index (CPI) of fruit in Iceland monthly 2020-2022, Annual average Consumer Price Index (CPI) in Norway 2000-2021, Monthly Consumer Price Index (CPI) in Norway 2020-2022, Monthly inflation rate (CPI) in Norway 2021-2022, by selected commodity groups, Electricity prices for households in Norway 2011-2021, semi-annually, Consumer confidence index in Norway quarterly 2018-2022, Effect of rising inflation on lifestyle in Norway 2022, Annual average of Consumer Price Index (CPI) in Sweden 2011-2021, Monthly Consumer Price Index (CPI) in Sweden 2020-2022, Monthly inflation rate (CPI) in Sweden 2021-2022, by selected commodity groups, Housing, water, electricity, gas Consumer Price Index (CPI) in Sweden 2011-2021, Monthly Consumer Confidence Index (CCI) in Sweden 2012-2022, People in Sweden who worry that their household expenditures will rise 2022, CPI for food and soft drinks in the UAE 2012-2020, CPI for furniture and household goods in Kuwait 2014-2021, CPI for housing and utilities in the emirate of Dubai 2016-2018, Annual average soft drinks & juice consumer price index in the UK 2003-2021, CPI-W for PCs and peripheral equipment expenditure in the U.S. since 2003, Czech Republic: monthly consumer price index for communications in 2018, Switzerland: monthly consumer price index for communications in 2018, Greece: monthly consumer price index for health in 2018-2020, Netherlands: monthly consumer price index for health 2018-2020, Opinion on control over prices of food, fuel and electricity India 2022, Innovation scores in Estonia 2021, by category, Coronavirus (COVID-19) impact on apparel and textiles in Europe, Key economic indicators of the Nordic countries, Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre.
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