In December, Sweden experienced a more significant-than-anticipated slowdown in consumer price inflation, reaching its lowest point in four years, according to preliminary data released by Statistics Sweden on Wednesday.
The Consumer Price Index (CPI) increased by 0.8% compared to the same month the previous year, marking a deceleration from the 1.6% rise observed in November. Analysts had projected an inflation rate of 1.0%. This represents the weakest inflation rate since December 2020, when it was recorded at 0.5%. Furthermore, inflation has remained under the Riksbank's 2.0% target for the fifth consecutive month.
Additionally, the consumer price index with a fixed interest rate (CPIF) demonstrated a slower annual growth of 1.5% in December, compared to 1.8% in November.
On a monthly basis, consumer prices rose by 0.3% in December, following a 0.2% increase in November.
The comprehensive data for December is scheduled for release on January 15.
