Sweden’s Inflation Rises to 3.1% in September, Staying Above Target
Swedish consumer prices rose 0.1% in September compared to August, according to data released by the national statistics office on Wednesday. The annual inflation rate reached 3.1%, remaining above the Riksbank’s 2% target.
Inflation Holds Steady Above the Riksbank’s Goal
The figure, measured by the CPIF index (Consumer Price Index with a fixed interest rate), confirmed the preliminary results published last week. This shows that inflationary pressure in Sweden continues despite recent signs of easing in some sectors.
Food Prices Fall for a Second Month
Food prices dropped 0.8% from August to September, marking their second straight monthly decline. It was the first time since March 2024 that food costs fell for two consecutive months, offering some relief to Swedish households.
Clothing and Housing Costs Rise
The data also showed higher prices for clothing and accommodation services, which partly offset the decline in food prices. These categories continue to contribute to overall consumer price growth, keeping inflation above the central bank’s target level.
