It is above all the electricity that drives down the prices, says SVT’s economics commentator Alexander Norén. What draws up KPIF are things like clothing, fuel, restaurants and hotels. All in all, this results in the CPIF falling by 0.7 percentage points compared to August.
– It is disappointing, because inflation is not falling as quickly as one hopes and as the Riksbank has expected. It is tougher than what is healthy, says SVT’s economics commentator Alexander Norén.
Higher inflation than expected
The decrease in the inflation rate can be described as a “disappointment” because several analysts believed that it would fall further, something that could have extensive consequences for households.
– It was thought that it would go down to 3.7 percent and the Riksbank themselves had calculated 3.8. All surprises on the negative side suggest that there will be another rate hike.
Food prices are falling
Food prices also continue to fall slightly, except for certain goods, Statistics Sweden’s consumer price index for September shows.
The prices of fruit, coffee, tea and cocoa are increasing the most, writes Statistics Norway in a press release.
The text is updated