Sweden Consumer Prices Drop For First Time Since 2015

By | May 13, 2020
InstaForex
Sweden Consumer Prices Drop For First Time Since 2015

Sweden’s consumer price dropped for the first time in nearly five years in April, data from Statistics Sweden showed on Wednesday.

The consumer price index fell 0.4 percent year-on-year in April, after a 0.6 percent increase in March. Economists had expected a 0.1 percent rise. This was the first decrease since August 2015.

On a month-on-month basis, consumer prices fell 0.3 percent in April, following a 0.2 percent decline in the preceding month. The rate came in line with expectations.

The CPI with fixed interest rate, or CPIF, fell 0.4 percent annually in April, after a 0.6 percent increase in the prior month. Economists had expected a 0.7 percent rise.

On a monthly basis, the CPIF decreased 0.3 percent in April, after a 0.2 percent fall in the previous month. This was in line with economists’ expectations.


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