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Inflation falls to 1.1 percent

» Updated: 15 October 2024, 08:05

» Published: 15 October 2024

Inflation falls to 1.1 percent
Photo: Caisa Rasmussen/TT

Inflation fell in September to 1.1 percent according to the KPIF measure, reports the Statistics Sweden (SCB).

The figure is in line with SCB's preliminary inflation figures that came a week ago. It is also in line with the average forecast among analysts, according to Bloomberg's compilation. The Swedish Central Bank's target is a KPIF inflation of 2.0 percent.

KPIF inflation is an underlying measure of inflation where the effects of mortgage rates have been excluded.

According to the KPI measure, inflation stands at 1.6 percent, also in line with the preliminary statistics. Compared to the previous month, consumer prices rose by 0.2 percent.

Excluding energy prices, the KPIF inflation stands at 2.0 percent.

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By TTThis article has been altered and translated by Sweden Herald

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