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Swedish Inflation rate 2.8 percent - somewhat lower

Tuesday, 13 December 2011
The inflation rate in Sweden was 2.8 percent in November, down from 2.9 percent in October. The Swedish Consumer Price Index (CPI) increased by 0.2 percent from October to November, according to statistic Sweden.

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The CPI for November of 2011 was 314.16 (1980=100).
Price increases for electricity (4.6 percent) and higher interest costs for owner occupied housing (0.9 percent) contributed to the increase of the CPI since last month by 0.2 and 0.1 percentage points respectively.

The price increases were counteracted by lower prices on clothing and footwear (-1.3 percent) and lower petrol prices (-1.4 percent) which contributed downwards by 0.1 percentage point each. Also, lower prices on package holidays (-6.5 percent) contributed downwards by 0.1 percentage point.

The inflation rate according to CPIF was 1.1 percent and according to CPIX 0.9 percent in November. Both CPIF and CPIX increased by 0.2 percent from October to November 2011. HICP increased by 0.2 percent from October 2011 to November 2011 and increased by 1.1 percent since November of 2010.
News source: Statistic Sweden




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