According to Statistics Sweden the CPIF (Consumer Price Index with fixed interest rate) 12-month inflation rate was 8.0 percent in July 2022. This marks a decrease from June when the inflation rate was 8.5 percent. On a monthly basis, the inflation rate according to the CPIF fell by 0.2 percent.
“Prices on electricity and fuels fell in July, which contributed to the CPIF’s first observed decrease since January”, says Carl Mårtensson, statistician at Statistics Sweden.
In brief the indexes show that:
- Food prices continued to increase, primarily prices for vegetables, milk, cheese and eggs.
- Lower electricity and fuel prices contributed to a declining inflation rate in July.
- The inflation rate according to CPIF excluding energy increased from 6.1 percent in June to 6.6 percent in July
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