Sweden: energy inflation rate by commodity 2024

The inflation rate of liquid fuel prices in Sweden has increased significantly since 2021, peaking at 69 percent in June 2022. Unlike other European countries, however, gas price inflation has remained relatively stable in the Scandinavian country throughout the period of consideration. The inflation rate of electricity prices stood at -3.1 percent in November 2024.

Harmonized index of consumer prices (HICP) energy inflation rate in Sweden from January 2019 to November 2024, by commodity

Characteristic	Energy	Gas	Liquid fuels	Electricity
Nov '24	-6.3%	3%	-	-3.1%
Oct '24	-7.6%	3%	-	-0.8%
Sep '24	-11%	3.1%	-	-3.4%
Aug '25	-11.6%	3.1%	-	-10.5%
Jul '24	-5.8%	3.1%	-	-5.6%
Jun '24	-11.6%	3.1%	-	-15.8%
May '24	-7.2%	3.1%	-	-11.2%
Apr '24	-6.7%	3.1%	-	-8.9%
Mar '24	-7.5%	3.1%	-	-9.3%
Feb '24	-9.6%	3.4%	-	-12.9%
Jan '24	-10.1%	3.4%	-	-11.2%
Dec '23	-25.6%	20.8%	-	-39%
Nov '23	-15.6%	20.8%	-	-22.6%
Oct '23	-18.4%	20.8%	-	-27.8%
Sep '23	-25.8%	23.6%	-	-45.3%
Aug '23	-21%	23.4%	-	-36.9%
Jul '23	-13.7%	23.4%	-	-17.8%
Jun '23	-11.9%	23.4%	-	-10.9%
May '23	-10.9%	23.4%	-	-12.6%
Apr '23	-2%	23.4%	-	2.3%
Mar '23	-2.1%	23.4%	-	2.1%
Feb '23	9.7%	23.1%	-	17.2%
Jan '23	14.7%	23.1%	-	20.9%
Dec '22	31.8%	6.9%	19.1%	46.3%
Nov '22	29.2%	6.9%	29.9%	37.7%
Oct '22	27.6%	7%	40.8%	27.8%
Sep '22	38.5%	4.8%	42%	55.2%
Aug '22	37.8%	5%	44.2%	52.3%
Jul '22	27%	5%	59.5%	22.8%
Jun '22	40.3%	5.4%	69%	40.7%
May '22	32.7%	5.4%	55.4%	34.4%
Apr '22	33.2%	5.4%	51.3%	33.2%
Mar '22	34.4%	5.4%	54%	34.8%
Feb '22	20.1%	5.4%	30.7%	14.8%
Jan '22	23.8%	5.5%	26.1%	24%
Dec '21	35.4%	2.1%	26.2%	50.6%
Nov '21	26%	2.1%	34.1%	29.2%
Oct '21	20.2%	2.1%	32.4%	20.8%
Sep '21	19.8%	2.1%	26.9%	23.8%
Aug '21	15.1%	2.1%	18.6%	16.5%
Jul '21	17.6%	2.1%	15.9%	24.8%
Jun '21	10.7%	2.2%	17.6%	11.1%
May '21	13.8%	2.2%	19.2%	14.7%
Apr '21	13.2%	2.2%	12.9%	12.9%
Mar '21	8.4%	2.2%	7.7%	10.2%
Feb '21	5%	2.2%	-3.7%	12.3%
Jan '21	-0.3%	2.1%	-13.1%	5.9%
Dec '20	-6.8%	0.7%	-13.5%	-6.7%
Nov '20	-10.6%	0.7%	-17.9%	-12.5%
Oct '20	-9.3%	0.7%	-17.5%	-11.2%
Sep '20	-6.2%	0.7%	-19.6%	-5.2%
Aug '20	-6.7%	0.7%	-13.3%	-6.9%
Jul '20	-11.4%	0.7%	-13.2%	-15.8%
Jun '20	-6.5%	0.2%	-13.9%	-5.1%
May '20	-14.1%	0.2%	-21.2%	-13.9%
Apr '20	-15.4%	0.2%	-18.9%	-16.4%
Mar '20	-9.6%	0.2%	-10.6%	-13.4%
Feb '20	-5.8%	0.2%	-4.6%	-13.1%
Jan '20	-3.1%	0.2%	7.8%	-11.4%
Dec '19	1.2%	0.9%	4.3%	-2.6%
Nov '19	1.4%	0.9%	-0.5%	0.1%
Oct '19	-0.1%	0.9%	-4.4%	0.1%
Sep '19	-1.6%	0.9%	-1.7%	-1.9%
Aug '19	-1.3%	0.9%	0.4%	-2.1%
Jul '19	0.1%	0.9%	4.2%	-1.3%
Jun '19	-0.2%	2.5%	-1%	-2.2%
May '19	6.5%	2.5%	3.8%	8.2%
Apr '19	7.3%	2.5%	7.4%	7.8%
Mar '19	5.9%	2.5%	10.6%	6%
Feb '19	8%	2.5%	15.5%	11.4%
Jan '19	9.5%	2.5%	3.1%	18%

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Release date

December 2024

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Region

Sweden

Survey time period

January 2019 to November 2024

Supplementary notes

According to the source, the Harmonized Indices of Consumer Prices (HICP) measures changes in the prices of consumer goods and services over time. These indices provide comparable measures of inflation.

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Energy price inflation rate in Sweden 2019-2024, by commodity