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Swedish consumer prices continue to fall as inflation rate hits -0.1 percent

Thursday, 13 December 2012
Swedish consumer prices fell by 0.2 percent in November from the previous month, new official data from Statistics Sweden (SCB) show. Compared to the corresponding month of 2011 the CPI declined by 0.1 percent.

Analysts had expected that consumer prices would have fallen 0.1 percent on a monthly basis and increased by 0.1 percent compared with the same month in 2011.

The Swedish central bank, the Riksbank's forecast from the Monetary Policy Report, which was published on 25 October 2012, was that CPI inflation rate of 0.2 percent in November.
swedish-krona

In October consumer prices fell 0.1 percent during the month, while the rate of inflation was measured at 0.4 percent.

Lower interest costs for owner occupied housing (-1.2 percent), as well as lower prices for fuel (-2.4 percent), international flights (-16.9 percent) and package holidays (-7.3 percent) contributed downwards by 0.1 percentage point each.
The decrease was counteracted by lower price increases on other products, which together contributed upwards by 0.2 percentage points.

The inflation rate according to CPIF was 0.8 percent in November 2012. CPIF decreased by 0.2 percent from October to November 2012 (0.2 percent increase from October to November 2011).

The underlying consumer prices, CPIX, fell 0.2 percent in November from the month before. Compared with a year earlier, prices rose 0.9 percent.
By scancomark.com Team, News source: Statistic Sweden

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