Inflation drops.
It shows preliminary statistics from Statistics Sweden.
The Riksbank aims that inflation should be 2 percent.
Swedish inflation has been a bit over it in recent months.
But now it seems to decline. Inflation, measured as CPIF, fell to 3.1 percent in September, according to Statistics Sweden’s preliminary calculation.
“Inflation is expected to fall from last month,” said Caroline Neander, price statistics at Statistics Sweden, in a statement.
In August, the rate of inflation rose to 3.2 percent according to the CPIF, which is the measure where the effect of interest rates was calculated. It was then in line with the trend of high inflation that went on during the summer. In July, prices increased by 3 percent and the month before that the price increase was 2.8 percent.
Lower than expected
Today’s figure is slightly lower than the market’s expectations of 3.2 percent, TT writes with reference to Bloomberg.
Good news for all households, says Frida Bratt, savings economist Nordnet – who, however, does not think that even lower interest rates should be counted.
“The Riksbank took the turns a bit in connection with the previous message, where they acted on expectations of lower inflation, rather than acting at the level of inflation here and now. This means that the space for more reductions despite lower inflation is small. I think you should expect mortgage rates to stabilize at these levels”she writes in a comment on Expressen.
Preliminary figure
Today’s figures are a preliminary calculation and next week the final figure for September is presented. In connection with this, more detailed information about the types of goods has also increased in price.
This is how inflation is measured
As the general price level rises, inflation prevails, which causes the value of money to fall. Then you need to increase your income to have the same purchasing power, thus being able to consume as much as before.
You can measure inflation in several ways. Most often by measuring prices and comparing them over time in a price index.
Statistics Sweden calculates inflation each month according to measures CPI (Consumer Price Index) and CPIF (Consumer Price Index with fixed interest rate).
The CPI shows price trends for all products and services that households consume. In concrete terms, Statistics Sweden makes a selection of goods and services, which they then weight. These are twelve main groups-such as food, accommodation, transport and restaurants and accommodation-with some 90 subgroups.
It is the same as CPIF, except that the effect of changed mortgage rates is counted off. CPIF is the inflation measure that the Riksbank looks at on the basis of its inflation target of 2.0 percent and aims to remove the effect of changed interest rates.
Fast-KPI is a preliminary fastestimate that is published five working days before the official publication.
Source: Statistics Sweden
