Published 13 October 2022 at 15.56
Economy. Inflation increased according to Statistics Sweden's consumer price index CPI by a full 10.8 percent compared in September with the same month last year. Even in the US, inflation continues to rise above expectations, according to new figures today.
Like the article på Facebook
© SCB
(Click for larger image.)
SCB prefers to use the KPIF measure, where the effects of increased interest rates have been subtracted.
The inflation rate according to CPIF, i.e. the change from the same month last year, was 9.7 percent in September 2022. This is an increase from August when the inflation rate was 9.0 percent. The monthly change from August to September was 1.1 percent.
– The inflation rate according to the CPI was higher than that according to the CPIF due to the increased mortgage interest rates. That effect is cleared from KPIF. Otherwise, the two measures are similar, says Caroline Neander, price statistician at Statistics Sweden.
Rising interest costs contributed 1.2 percentage points to the inflation rate according to the CPI, which amounted to 10.8 percent.
There has been a continued broad rise in prices for food and non-alcoholic beverages. Electricity prices were roughly 54 percent higher in September this year than a year ago. However, fuel prices fell in September.
Higher than expected in the USA
New CPI figures came on Thursday also from the USA. There, consumer prices rose to 8.2 on an annual basis in September despite the central bank's interest rate increases. The figure is higher than the market thought, reports CNBC.
Inflation
- Food prices continue to rise sharply
- German inflation at 10.9 percent
- New record inflation in Sweden: 9 percent
- Higher US inflation than expected: The stock market falls sharply
< li class="views-row views-row-3 views-row-odd arrow"> Ikea backs down on raised sausage price
Show all