Financial News: Swedish Inflation Rises Less Than Estimated

Swedish Inflation Rises Less Than Estimated

02/18/2025 - 02:47:00 (RTTNews)

(RTTNews) - Sweden's consumer price inflation increased less than initially estimated at the start of the year, the latest data from Statistics Sweden showed on Tuesday.

The consumer price index, or CPI, climbed 0.9 percent year-over-year in January, slightly faster than the 0.8 percent rise in December. In the flash report, the rate of increase was 1.0 percent.

Moreover, inflation remained below the Riksbank's 2.0 percent target for the sixth straight month.

Data showed that the consumer price index with a fixed interest rate, or CPIF, also increased at an accelerated pace of 2.2 percent annually in January versus 1.5 percent growth in the prior month, as estimated.

Higher fees for rented apartments and increased prices for food and restaurant visits contributed most to the overall inflation, the agency said.

The annual price growth in food and non-alcoholic beverages quickened to 2.2 percent in January from 1.7 percent a month ago. Clothing and footwear prices grew at a faster pace of 3.7 percent versus 2.09 percent a month ago. Meanwhile, housing and utility costs continued to drop by 0.86 percent.

Month-on-month, consumer prices remained flat for the second straight month, as estimated.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.K. Private Sector Activity Growth Slows In February (02 hr(s), 59 min(s), 31 sec(s) ago)
(RTTNews) - The British private sector grew at its slowest pace in two months as services continue ...Full Story»

U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023 (07 hr(s), 29 min(s), 31 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

U.S. Existing Home Sales Pull Back Sharply In January (07 hr(s), 43 min(s), 31 sec(s) ago)
(RTTNews) - Existing home sales pulled back sharply in the month of January, according to a report ...Full Story»

UK Budget Logs Surplus In January (09 hr(s), 24 min(s), 31 sec(s) ago)
(RTTNews) - The UK budget logged a record surplus for the month of January on self-assessed taxes ...Full Story»

Eurozone Private Sector Expands In February (10 hr(s), 02 min(s), 31 sec(s) ago)
(RTTNews) - The euro area private sector managed to grow for the second straight month in February ...Full Story»

Mexico Q4 GDP Growth Eases More Than Estimated (10 hr(s), 30 min(s), 31 sec(s) ago)
(RTTNews) - Mexico's economic growth eased slightly more than initially estimated in the fourt ...Full Story»

Latvia Producer Prices Fall 0.3% (10 hr(s), 49 min(s), 31 sec(s) ago)
(RTTNews) - Latvia's producer prices decreased in January after rising for the first time in e ...Full Story»

Ireland Wholesale Prices Rise 2.1% (11 hr(s), 22 min(s), 31 sec(s) ago)
(RTTNews) - Ireland's wholesale prices increased for the third straight month in January, data ...Full Story»