Inflation Sweden 2024
Average inflation: 2.9%
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Peak and Trough
The highest inflation was in January at 5.4%. The lowest inflation was in December at 0.8%.
- Highest month
- January: 5.4%
- Lowest month
- December: 0.8%
- Difference
- 4.6 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 5.8%. The lowest price increase was in Communication with an average of -2.4%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 5.8%
- Lowest increase
- Communication: -2.4%
Historical Context
Current inflation is 1.6% lower than the 5-year average of 4.5%.
- 5-year average
- 4.5%
- 10-year average
- 2.9%
- All-time high (2023)
- 8.7%
- All-time low (2009)
- -0.5%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +5.8 percentage point.
- Change vs. previous year
- -5.8 percentage points
- Largest monthly swing
- February: -7.5 percentage points
ECB Target
Inflation is 0.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 5.4% | -6.3 |
| February | 4.5% | -7.5 |
| March | 4.1% | -6.5 |
| April | 3.9% | -6.6 |
| May | 3.7% | -6.0 |
| June | 2.6% | -6.7 |
| July | 2.6% | -6.7 |
| August | 1.9% | -5.6 |
| September | 1.6% | -4.9 |
| October | 1.6% | -4.9 |
| November | 1.6% | -4.2 |
| December | 0.8% | -3.6 |
| Average | 2.9% |
Data source
Data from OECD. Last updated: 13/01/2026.