Inflation Sweden 2022
Average inflation: 8.3%
Current Inflation
Inflation is very high at 8.3%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 12.3%. The lowest inflation was in January at 3.7%.
- Highest month
- December: 12.3%
- Lowest month
- January: 3.7%
- Difference
- 8.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 11.7%. The lowest price increase was in Communication with an average of -0.6%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 11.7%
- Lowest increase
- Communication: -0.6%
Historical Context
Current inflation is 5.3% higher than the 5-year average of 3.0%. This approaches the highest level since records began (8.3% in 2022).
- 5-year average
- 3%
- 10-year average
- 1.7%
- All-time high (2022)
- 8.3%
- All-time low (2009)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +6.1 percentage point.
- Change vs. previous year
- +6.1 percentage points
- Largest monthly swing
- December: +8.4 percentage points
ECB Target
Inflation is 6.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €108.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 3.7% | +2.1 |
| February | 4.3% | +2.9 |
| March | 6.0% | +4.3 |
| April | 6.4% | +4.2 |
| May | 7.3% | +5.5 |
| June | 8.7% | +7.4 |
| July | 8.5% | +7.1 |
| August | 9.8% | +7.7 |
| September | 10.8% | +8.3 |
| October | 10.9% | +8.1 |
| November | 11.5% | +8.2 |
| December | 12.3% | +8.4 |
| Average | 8.3% |
Data source
Data from OECD. Last updated: 11/01/2026.