Swedish consumer prices rose by 1.4 percent year-on-year in January 2017, following a 1.7 percent increase in the previous month and missing market expectations of a 1.5 percent gain. Prices rose at a slower pace for: Housing and utilities (1.9 percent from 2.6 percent in December); miscellaneous goods and services (1.4 percent from 2.6 percent); and clothing and footwear (2.2 percent from 2.9 percent). Additional upward pressure came from: Food and non-alcoholic beverages (1.7 percent from 1.6 percent in December); transport (3.8 percent from 3.5 percent); and recreation and culture (0.1 percent from -0.2 percent). On a monthly basis, consumer prices dropped 0.7 percent after growing by 0.5 percent in December. Underlying inflation, which strips out interest rate effects, was 1.6 percent on the year and -0.7 percent on the month. Inflation Rate in Sweden averaged 3.59 percent from 1980 until 2017, 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.
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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. This page provides – Sweden Inflation Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Inflation Rate – actual data, historical chart and calendar of releases – was last updated on February of 2017.