Sweden: Consumer prices decrease in annual terms in April
Consumer prices with a fixed interest rate (CPIF)—which is closely followed by the Central Bank—decreased 0.3% in April compared to the previous month, down from the 0.2% decrease in March and largely due to lower fuel prices.
CPIF prices dropped 0.4% in April compared to the same month a year earlier, contrasting the 0.6% increase in March and tumbling below the Central Bank’s tolerance band of 1.0%–3.0% increases. Annual average CPIF inflation slowed to 1.3% in April from 1.5% in March.