Higher Housing Costs Drive Inflation

Inflation, according to the Swedish Central Bank's measure KPIF, rose to 1.5 percent in October, up from 1.1 percent in September according to the Statistics Sweden (SCB). Higher housing costs hurt the wallet the most.

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Higher Housing Costs Drive Inflation
Photo: Mickan Mörk/TT

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This is entirely in line with the preliminary calculations released on November 7.

In the KPIF measure, interest rate effects are excluded.

Inflation, according to the pure KPI measure, remained steady at 1.6 percent.

On an annual basis, fuel prices have fallen by 22 percent, telecommunications equipment by 15.5 percent. On the other hand, food, which has become 1.7 percent more expensive over the past year, rents and housing association fees, plus 5.4 percent. And even though interest expenses have decreased recently, they are still 3.7 percent higher than last year, according to SCB.

Eating out at a restaurant has on average become 4.4 percent more expensive over the past year.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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