Sweden’s consumer price index with fixed interest rate (CPIF) 12-month inflation rate was 9.3 per cent in October this year, down from 9.7 per cent in September. The rate fell by 0.1 per cent on a monthly basis in October over September. Increased interest expenses contributed about 1.8 percentage points to the inflation rate according to CPI, which was 10.9 per cent.While electricity prices decreased in the country by nearly 24 per cent between September and October, fuel prices increased in October, partly as the temporary tax reduction ended.
“The inflation rate according to the CPI was higher than CPIF because of the increased interest rates of mortgages. This effect is eliminated from CPIF. Otherwise, the two measures are similar," said Caroline Neander of Statistics Sweden in an official release.
Sweden's consumer price index with fixed interest rate 12-month inflation rate was 9.3 per cent in October 2022, down from 9.7 per cent in September. The rate fell by 0.1 per cent on a monthly basis in October over September. Increased interest expenses contributed about 1.8 percentage points to the inflation rate according to CPI, which was 10.9 per cent.#
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