Schweden Verbraucherpreise

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.