Here we would like to refer to an article we wrote a while back where Bank of America said: The Fed cant print gold: Gold reach $3000, 50% above its record.. Information on inflation over time according to CPIF is available on the Statistics Sweden website.. It will offer the rate of inflation over the 12 months ended September 2022. The industry leader for online information for tax, accounting and finance professionals. Non-alcoholic beverages +5.8% Transport +10.9% Recreation and Culture +2.9% This data was released on for the reference month of October 2022. This means that September's figures are a new record. Switching from burning natural gas to burning coal is a quick fix that is technically possible, but its not going to help the EU achieve its climate goals, wrote CNBC. Lithuania and Estonia are the most inflation-affected countries in the EU in 2022. This just isnt true if youre talking about Sweden. In September 2022, the monthly inflation rate was 1.43. The current inflation rate in Sweden is 983 which is calculated based on CPI Consumer Price Index values for the last 12 months ending in August 2022. The annual inflation rate in Sweden increased to 98 in August of 2022 from 85 in the prior month and beating market forecasts of 96. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Inflation rate was 6.4 percent in April 2022 Statistical news from Statistics Sweden 2022-05-12 8.00 The CPIF (Consumer Price Index with fixed interest rate) 12-month inflation rate was 6.4 percent in April 2022, up from 6.1 percent in March. : Inflation in Germany falls to 7.5 percent in July, SEB: Inflation on track to reach 11 percent, Now the butter price is being raised again, New highs in inflation: Inflation in Turkey has risen over 83 percent, A woman plays the flute with her vagina in "LFAUIT", Russian travel agency mistakenly sent tourists to Mardin instead of Madrid, 25 years old.. Maxwell Frost becomes the youngest member of the US Congress, Ocean Viking: Italy must "play its role" and "respect its European commitments", asks Paris, The Beja Council announces the activation of the right to self-determination and the formation of an interim government in eastern Sudan, EU, the reform of the Stability Pact: fewer rules, more effective surveillance and sanctions, Why Florida is an increasingly red state. This statistic shows the average inflation rate in Sweden from 1987 to 2021, with projections up until 2027. The annual inflation rate in Sweden increased to 6.0% in March of 2022, the highest since December of 1991, and above market forecasts of 5.6%. (2) Miklos Losoncz, Analysis: Energy Dependence and Supply in Central and Eastern Europe, accessed September 1, 2008, EurActiv.com. Annual inflation in the eurozone hit a record-high 7.5% last month. Bank of America said: The Fed cant print gold: Gold reach $3000, 50% above its record.. Swedens inflation rate has not been this high since 1993. President Yoon "Attendance to ASEAN is inevitable South Korea-U.S.-Japan summit confirmed", Black day in Parisian transport due to a strike, War Ukraine - Russia, last minute | Zelenski distrusts after the withdrawal from Kherson: "The enemy does not give gifts", Inflation in Sweden continues to rise - landed at 9.7 percent in September. There was a continued widespread price increase in April, including food, household equipment, restaurant visits and hotels, statistician Mikael Nordin said. Author: FocusEconomics Sample Report The worst inflation-affected country in Scandinavia is Sweden, with 6% inflation recorded in March 2022 according to Tradingeconomocis. The inflation rate in Sweden between 1956 and 2021 was 1,308.28%, which translates into a total increase of kr1,308.28. STOCKHOLM, April 1 (Reuters) - Sweden's economy will slow this year with headline inflation expected to run at its highest level since the early 1990s, the government said in a pre-budget forecast on Friday. High energy prices also were fueling inflation, a key factor in the rest of Europe and other parts of the world amid fears that the war may lead to an interruption of oil or natural gas supplies from Russia. the change from the same month last year, was 9.0 percent in August 2022. Consumer price with a fixed interest rate inflation soared to 9.7% in September, up from Augusts 9.0%. 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Cryptocurrencies and Precious Metals Differences and Similarities, Helps to keep notifications relevant by storing the latest news shown, Number of items in product comparison view, Remembers last chart options (i.e currency, time period, etc), Stores selected product layout on category pages, Used for tracking abandoned shopping carts, Used by OptinMonster for determining new vs. returning visitors. See here for a complete list of exchanges and delays. This marks a decrease from June when the inflation rate was 8.5 percent. This is the latest Consumer Price Index and Inflation Rate data for the United States. This time around, weve witnessed a similar downturn, with Gold falling around 18 percent between August 2020 and the cycles trough in April 2021, when Gold briefly traded below $1,700 per troy ounce. Inflation for other Chinese neighbors includes Mongolia at 14.4%, Georgia at 12.8%, and Myanmar at 12.63%. In March, the harmonized consumer prices index increased by 6%, the most considerable increase since the series began in 1990. ET (1330 GMT), is expected to show consumer prices moderated to 8% in October from 8.2% in September, while the core rate, which excludes volatile food and energy . The inflation rate in Sweden fell in July for the first time in seven months, according to official data from Statistics Sweden . The CPI inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year before). Recall that the converted amount is $1.10 when all items . The economic tendency indicator (ETI) deteriorated for a 14th consecutive month in September, coming in at 90.8, down from Augusts 97.2. Precious metals are considered to be a solid portfolio diversifier and inflation hedge. - There are few who believe that it has reached its peak, says SVT's economic commentator Alexander Norn. This means that 100 kronor in 1956 are equivalent to 1,408.28 kronor in 2021. Online Store ET. The annual inflation rate in Sweden climbed to 10.8% in September of 2022 from 9.8% in the prior month, topping market forecasts of 10.5%. 2023 will be tougher than 2022. . Gold can always be a part of an investors portfolio when diversity is the objective. Our Standards: The Thomson Reuters Trust Principles. Inflation in October climbed to a 24-year high of 85.5%, having started to surge last year as the lira slumped after the central bank began cutting rates as sought by Erdogan. For this article, we include three countries as mentioned before Sweden, Norway, and Denmark. They can be used to track the pages you visit on the website, save the information you enter or remember your preferences such as language settings as long as youre browsing the website. (Xinhua/Fu Yiming) Electricity prices have increased by 54.2 percent, and food and non-alcoholic . This is shown by Statistics Sweden's latest figures. October 13, 2022 Famagusta Gazette Europe, Finance, Sweden 0 Inflation keeps breaking records in Sweden, with the CPIF (Consumer Price Index with fixed interest rate) 12-month inflation hitting 9.7 percent in September, the highest level in three decades, Statistics Sweden said on Thursday. The gross domestic product is expected to shrink by 0.4 percent next year, while inflation could be as high as 5.9 percent. Inflation Rate in Sweden increased by 98 in August 2022 over the same month in the previous year. Inflation in Sweden continues to increase. Sweden Will Not Meet Agenda 2030 Oct 24, 2022 . Not only that, disinflation is projected to increase from pre-pandemics levels. The most common drawback when considering investing in Gold is its volatility. . 2022 Gold Performance Not Up to the Mark Despite Inflation, Gold As An Asset Class for Protecting and Building Wealth, Swedish Central Banker thinks that cash will disappear, "Rich Dad, Poor Dad" Author discusses the Best Investment Value today, Interest rate pins pop the Swedish property bubble. On average, a person working in Sweden full time will receive in hand around 30,500 SEK per month - which is around 2,750 Euros. Tim Aro /TT/Tim Aro/TT Subscribe to Tavex newsletter, Please open Bank ID application to confirm your identity, Please start the Mobile BankID application in your phone to confirm your identity, 1/2 oz Baby Tiger 2022 Silver Proof Coloured Coin, 29255.9 29255,90 29255.9 29255,90 29255.9 29255,90 31871.63 31871,63 31811.72 31811,72 31542.13 31542,13, 18106.04 18106,04 18106.04 18106,04 18106.04 18106,04 20366.72 20366,72 20329.45 20329,45 20273.55 20273,55, 11594.45 11594,45 11594.45 11594,45 11594.45 11594,45 13107.98 13107,98 13084.02 13084,02 12988.17 12988,17, In Gold we trust: Dutch National Bank states that gold provides security in times of financial crisis, How can you insure yourself against instability tomorrow - Jri Martin, Tavex Group. Still, the highest annual price increases were seen in fuel (44.9 percent), electricity (32.4 percent), transport (11.6 percent), and housing and furnishing (both 8.5 percent).Overall, inflation is now at its highest level since December 1991, when it was 7.9 percent.The current development increases the risk that the Riksbank, Sweden's central . The economic tendency indicator (ETI) deteriorated once again in October, coming in at 84.6, down from September's 90.8. Inflation Sweden 2022 (CPI) - The inflation chart and table below feature an overview of the Swedish inflation in 2022: CPI Sweden 2022. Sweden, a member of the European Union, is not among the 19 countries that use the euro currency. In 2018, around 40% of EU natural gas imports came from Russia, according to e.ir.info. The commercial real estate sector has heavily increased its borrowing over the last 10 years, with debt rising to 2,300 billion Swedish crowns ($215 billion) in 2021 - around 42% of GDP - from 1.3. (EU HICP January 1997 March 2022). About Lastly, consumer prices with a fixed interest rate rose 1.14% over the previous month in September, slowing down from August's 1.47% rise. All quotes delayed a minimum of 15 minutes. Real Estate vs. Gold - Where should I invest? May 12, 2022, at 5:53 a.m. Sweden Sees Highest Inflation Rate Since 1991. The next inflation update is scheduled for release on Oct. 13 at 8:30 a.m. But inflation has been a clear blow to the well-being of many Americans. European Commission aims to reduce air pollution through new vehicle standards. September's reading marked the highest inflation rate since June 1991. Bitcoin is often considered Digital Gold, but new research shows that it is more correlated with the tech-heavy Nasdaq stock index. Scandinavia can refer to three countries in English usage Sweden, Norway, and Denmark. However, in the first quarter of 2022 real GDP shrunk by 0.8% and is forecast to broadly stabilise in the second quarter of 2022 before growing modestly in the second half of the year. Twitter Download. Industrial output nosedived 6.7% month on month in seasonally adjusted terms in August (July: +5.1% mom). and we should expect it to continue. Cookies are small files of letters and digits downloaded and saved on your computer or another device (for instance, a mobile phone, a tablet) and saved in your browser while you visit a website. Google+, Facebook Gold, silver, and other precious metals can be a secure method to avoid these dangers and protect a prudent investor against hyperinflation and inflationary pressures. Inflation in Sweden increased last month to its highest level since 1991, officials said on Thursday, as countries worldwide grapple with surging prices exacerbated by Russia's war in Ukraine. Its no coincidence that this is roughly the same as Bitcoin, which has lost nearly 12% of its value. Transportation (10.2 percent versus 7.8% in February), housing, and utilities all climbed at a quicker rate (7.0 percent vs. 6.7 percent). Sweden hit with highest inflation rate in over 30 years. Rising interest costs also affected the inflation rate, according to Statistics Norway. The upward pressure mainly came from: Housing and utilities +7.9% - mostly on account of higher prices in electricity and fuel. This means that consumer goods are more expensive than they were a year ago because the dollar has lost its purchasing power. Greek workers walk out over 'suffocating' inflation. Commodities, according to research, are one of the asset types most positively associated with inflation hedge (protector) as measured by the Consumer Price Index. When the fear of inflation becomes worse, investing in commodities usually becomes more appealing. - Higher electricity prices and higher prices for food and non-alcoholic beverages affected inflation in September, says Caroline Neander, price statistician at Statistics Norway in a press release. In 2021, the average inflation rate in Sweden had amounted to about 2.65 percent. "Higher electricity prices and higher prices for food and non-alcoholic beverages contributed to the [] Europe is not the only region that has experienced high inflation rates. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. In the Statistics Sweden Statistical database, it is also possible to perform searches on how inflation has developed over time.For questions about Consumer Price Index and searches in the statistical database, contact Statistics Sweden, Statistics Service. When central banks feel the economy requires more money to boost lending and growth, they issue additional currency we have seen this, especially in the last two years, when central banks have printed more money than ever. While Bitcoin is increasingly correlated with stocks like Google and Tesla, it moved into a negative correlation with Gold, not serving the purpose of being digital gold anymore. For investors, though, silver can seem like a more affordable precious metal alternative. It was the highest inflation rate since June of 1991, with the prices of food and non-alcoholic beverages jumping 14%, the most since February 1984 (vs 13.5% in July). Book a consultation, Sign up to our newsletter and receive valuable market insights, interesting blog posts and offers. It was the greatest inflation rate since May 1985, mainly to increases in both electricity (44.6%) and gas costs (82.6 percent ). Consumer Price Index in Sweden increased to 378 index points in August 2022. 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