Inflation in Sweden rises to 1.5% in October according to KPIF measure

Inflation in October reached 1.5%, according to the KPIF measure, which excludes the impact of interest rates. This figure marks a 0.4% increase from the previous month, where it stood at 1.1%.

Inflation can be assessed in various ways, commonly through the measurement of prices over time using a price index. The Consumer Price Index (CPI) serves as a benchmark to gauge the overall price levels in Sweden. The KPIF reflects the same price trends as CPI but omits the direct effects of changes in monetary policy. Since September 2017, the KPIF has been the Swedish central bank’s primary gauge for inflation targeting.

Additionally, other measures of inflation include KPIF excluding energy (KPIF-XE) and KPIF with constant taxes (KPIF-KS), both calculated by the national statistics authority at the request of the central bank. The KPIF-XE excludes energy products from the index, while KPIF-KS maintains consistent tax and subsidy values associated with the goods included in the KPIF.

This information was published by the national statistics agency and aims to provide clarity on the current inflationary trends.