Sweden: CPIF inflation ticks down in September
Latest reading: Consumer prices with a fixed interest rate (CPIF) inflation edged down to 1.1% in September, down from August’s 1.2%. September’s result represented the lowest inflation rate since December 2020. Looking at the details of the release, a sharper decline in transportation prices outweighed faster price pressures for food and non-alcoholic beverages.
Accordingly, the trend pointed down, with annual average inflation coming in at 2.3% in September (August: 2.6%). Moreover, core inflation—which excludes energy costs as well as the effect of interest-rate changes—rose 2.0% over the previous month in September, below August’s 2.2% increase. Meanwhile, consumer price inflation fell to 1.6% in September from August’s 1.9%.
Finally, consumer prices with a fixed interest rate rose 0.30% from the previous month in September, swinging from the 0.52% fall seen in August. September’s figure was the highest reading since December 2023.