Sweden Prices Fall for First Time Since 2009 as Europe Weighs
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Swedish consumer prices fell for the first time in three years in November on an annual basis as central bank rate cuts sent mortgage costs lower and the European debt crisis capped demand for Swedish exports.
Consumer prices fell an annual 0.1 percent compared with growth of 0.4 percent the previous month, Statistics Sweden said today. Prices were seen to stay unchanged according to a Bloomberg survey of 10 economists. Prices fell 0.2 percent on the month. Adjusted for mortgage costs, price gains slowed to an annual 0.8 percent. Prices declined a monthly 0.2 percent.