Sweden: Inflation ebbs in April from the prior month
Latest reading: Consumer prices with a fixed interest rate (CPIF) were up 0.8% in annual terms in April, following a 1.6% rise in the prior month. April’s reading was the weakest since December 2020.
Relative to the prior month’s data, price pressures reduced for food and non-alcoholic beverages in April (-5.7% on a year-on-year basis vs 0.0% in March). In contrast, there were more notable price pressures for housing, water, electricity, gas and other fuels (-0.1% vs -0.4% in March) and transportation (+5.2% vs +3.3% in March).
Meanwhile, core consumer prices—which exclude energy costs as well as the effect of interest-rate changes—flatlined on a year-on-year basis in April, following a 1.1% increase in the prior month.
Consumer prices fell 0.1% year on year in April, following a 0.5% rise in March.
Finally, consumer prices with a fixed interest rate declined 0.59% in April on a month-on-month basis, following a 0.62% decline in the prior month.