Electricity and fuel lift Sweden’s September inflation
Sweden’s annual consumer inflation rose from 0.3 per cent in August to 1.1 per cent in September, with electricity and fuel driving the monthly increase. Food prices fell. Statistics Sweden’s detailed release put fixed-interest inflation at 1.5 per cent, while the corresponding measure excluding energy held at 0.5 per cent. The monthly consumer-price increase was 0.9 per cent.
Economics & Markets··Evening
Fuel and electricity become more expensive
Sweden’s September inflation increased as fuel became more expensive, while food prices fell. Statistics Sweden, the national statistics agency, published the detailed consumer-price release on 14 October. The annual consumer inflation rate rose from 0.3 per cent in August to 1.1 per cent in September; the monthly increase was 0.9 per cent.[1], [2]
Electricity prices rose 11.7 per cent from August. Fuel prices increased 13.3 per cent. Clothing rose 2.5 per cent over the month.[1]
Food and car hire prices decline
Food prices fell 0.6 per cent from August and 6.5 per cent from a year earlier. Prices for vehicle rental dropped 28.9 per cent over the month. Fuel was about 20 per cent more expensive annually and electricity about 17 per cent more expensive.[1]
Fixed-interest inflation reaches 1.5 per cent
The consumer-price index with mortgage interest rates held fixed rose 1.5 per cent annually, up from 0.7 per cent in August. Its monthly increase was 0.9 per cent. Excluding energy from that fixed-interest measure left annual inflation unchanged at 0.5 per cent, with a monthly rise of 0.1 per cent. Rents increased 3.3 per cent annually and restaurant prices 2.6 per cent. Home maintenance costs rose 9.2 per cent, while dental services fell 21.9 per cent.[1]
