Swedish Inflation Eases To 0.8%, Lowest In 4 Years

(RTTNews) - Sweden's consumer price inflation slowed more than expected in December to the lowest level in four years, flash data from Statistics Sweden showed on Wednesday.

The consumer price index, or CPI, climbed 0.8 percent year-over-year in December, slower than the 1.6 percent stable rise in November. The expected inflation rate was 1.0 percent.

This was the weakest inflation since December 2020, when prices had risen 0.5 percent. Moreover, inflation remained below the Riksbank's 2.0 percent target for the fifth straight month.

Data showed that the consumer price index with a fixed interest rate, or CPIF, increased at a slower pace of 1.5 percent annually in December versus 1.8 percent growth in the prior month.

Month-on-month, consumer prices moved up 0.3 percent in December, following a 0.2 percent rise in November. 

The detailed result for the month of December is set to publish on January 15.