- Sweden edition
- Change edition:
- France |
- Germany |
- Norway |
- Switzerland
February 15, 2012
Sweden's food prices buck downward trend
Published: 11 Jun 09 11:19 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/20006/20090611/
Consumer prices have dropped in Sweden over the last twelve months, according to new figures from Statistics Sweden.
- Average Swede likes sweets, booze, and TV (19 Jan 12)
- Sweden boasts hefty budget surplus for 2011 (10 Jan 12)
- Sweden's five biggest news stories of 2011 (29 Dec 11)
Food prices however were 2.9 percent higher than the same period last year, a development explained largely by the weak krona, according to SEB bank.
The food price rise was led by the high cost of bread and other grain products (up 2.8 percent), meat (up 3 percent) and fruit (up 6.2 percent).
"We import around half of what we eat, so the krona effect becomes very clear," the bank's chief analyst, Henrik Mittelman told news agency TT.
But in general prices were down. Lower interest rates and a fall in the cost of home repairs were the key drivers behind the deflation, the Statistics Sweden statement said.
From April to May, however, consumer prices rose by 0.1 percent owing to the increase in petrol prices, according to Statistics Sweden.
Sweden experienced several months of strong inflation last year before tailing off rapidly.
In September, inflation was as high as 4.4 percent year-on-year.
Sweden's central bank has set itself an inflation target of 2.0 percent year-on-year.
Deflation can hamper economic growth because it reduces businesses profits and discourages investment.
It also leads consumers to put off buying goods in the hope that prices will continue to fall.
What do you think? Leave your comment below.
Fark It!
Digg This
Share everywhere
Send to a friend
Printable version
Twitter ThisEU to probe Sweden's 'economic imbalance'
Sweden is among twelve countries set to be discussed in a report from the EU commission, due to what the European Commission has identified as imbalances in the economy. READ (7 COMMENTS) »
House prices in Sweden begin upward climb
After observing a slight rise in real estate prices after the first month of 2012, Swedish realtors are hoping that this may be the beginning of a positive trend after last year's plummeting prices. READ »
Swedish recruiters check jobseekers on the net
40 percent of recruiters are checking potential employee’s social networking pages during the hiring process, a figure which has shot up from last year, according to a recent report. READ (3 COMMENTS) »
Narcolepsy victims in new compensation bid
Families of children in Sweden suffering from narcolepsy caused by vaccination for the swine flu can expect some form of compensation, Swedish health minister Göran Hägglund said on Sunday in response to new calls for help from parents. READ (1 COMMENT) »
Saab shares dive despite strong 2011 report
Swedish defence group Saab on Friday reported a major boost in earnings for 2011 thanks to winning several major contracts, but a drop in orders left investors jittery, sending Saab's stock price down nearly 10 percent. READ (3 COMMENTS) »
Mats Sundin in massive kid's health research gift
Mats Sundin, the ex-Swedish hockey great, has made a donation supporting research into children's health at Karolinska Institutet in Stockholm and the University of Toronto. READ (5 COMMENTS) »
H&M under fire over Cambodia mass faintings
H&M has been criticized for choosing not to attend a hearing to highlight poor conditions for textile workers in Cambodia, where hundreds of employees at a plant run by the Swedish fashion giant mysteriously passed out in August. READ (6 COMMENTS) »
SAS earnings hit by Spanair bankruptcy
The bankruptcy of Spanair pulled SAS into the red for 2011, despite improved operating profits, the Scandinavian airline reported on Wednesday. READ (2 COMMENTS) »
Saab to cut Swiss Gripen fighter price: report
Swedish defence group Saab have announced that it will cut the price on its Gripen fighter jet to secure its Swiss order after a threat by French planemaker Dassault to undercut them. READ (6 COMMENTS) »
Few Swedes ready to work until they're 75: poll
An overwhelming majority of Swedes disagree with Swedish prime minister Fredrik Reinfeldt's suggestion that workers should be ready to stay on the job until they are 75, a new poll shows. READ (34 COMMENTS) »
- 07/02 US ISPs block hacker probes: Swedish police (5 comments) »
- 06/02 Kinnevik in bid to buy up publisher Metro (2 comments) »
- 06/02 Fire brigade slammed for 'renting out' rooms (2 comments) »
- 03/02 New bidder in the Saab saga shows its hand (8 comments) »
- 03/02 Volvo group announces record sales for 2011 »
- 03/02 TeliaSonera reports profit drop for 2011 »
- 02/02 Electrolux profits plunge amid weak demand »
- 02/02 AstraZeneca job cuts hit Södertälje hard (8 comments) »
- 02/02 Europe's banks set for years of 'shrinkage': Borg (2 comments) »
- 01/02 'Underclass-safari' post lands official in trouble (1 comment) »
20 things to know before moving to Sweden
As diverse as Sweden is, there are a few societal norms that are distinctly Swedish. Understanding a handful of them will hopefully prepare you culturally before you relocate. When you're invited home to a Swede, you better be on time and take your shoes off, writes expat Lola Akinmade-Åkerström. Read more »
How far can English take you in Sweden?
Sweden is a country where almost everyone can speak English. So why bother to learn Swedish? Edina Varnagy from Hungary managed with English for a whole year but then found that Swedish could open doors – to a job, a social life and greater understanding. Read more »
| 14/02 | Principal Software Engineer - Limited Contract Monster |
Prague |
| 14/02 | YOUNG TALENT PROGRAM - AUTOMATION ENGINEER FOOD PROCESSING Tetra Pak |
Lund |
| 14/02 | Sales Representative Nordic Occlutech International AB |
Helsingborg |
| 14/02 | Channel Marketing Campaign Manager/Specialist - B2B SAP |
Stockholm |
| 14/02 | Business Controller Michael page |
Göteborg |
| 14/02 | Nordic Site IT Delivery Manager Philips AB |
Stockholm |
| 14/02 | Software Engineer (.NET) - Limited Contract Monster |
Prague |
| 14/02 | UX Engineer (.NET) - Limited Contract Monster |
Prague |
| 14/02 | Software Engineer - Gameplay/Audio EA DICE |
Stockholm |
| 14/02 | Sales Coordinator Bureau Veritas S.A. Frankrike Filial |
Göteborg |
- 14/02 Investor confidence tops 10-month high »
- 14/02 OECD sees German growth slowing in 2012 »
- 13/02 Deutsche Bank 'to pay €800 mln' in Kirch case »
- 13/02 Greece leaving the euro not so scary - Germans »
- 10/02 Berlin defies EU over copyright deal »
- 10/02 Germans don't trust Greece to tighten belt »
- 09/02 Tourists flock to Germany in 2011 »
- 09/02 Daimler books record €6-billion profit »
- 08/02 Exports top €1 trillion despite euro crisis »
- 08/02 GM threatens major job cuts at Opel »
- 13/02 Looking for a long term appartment
- 13/02 Babysitter
- 13/02 flat or room available
- 13/02 Party Photographer
- 13/02 Apartment Near Arlanda
- 13/02 Apartment Needed Immediately
- 00:00 Need to replace windows
- 23:57 Should I ask her on a date or not?
- 23:48 What is death?
- 23:22 Where to buy cheap wedding rings
- 23:08 Driving on Autobahn
- 22:52 SFI - personal number loop...
- 22:45 E-Mail replies from Swedish Businesses
- 22:13 Where do you live?
- 22:13 Big Fat Gypsy weddings
- 19:17 Upper abdominal pain
Turning Point Counselling centre offers the international community of Stockholm a safe space for personal development, counselling and coaching.
http://www.turning-point.se/show.asp
Swedish Down Town PR Consulting and Productions is an innovative business company which provides valuable assistance with Public Relations and Communications in the swedish and the international market.
www.swedishdowntown.com
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
British-Australian Male Counsellor. Counselling Therapy for Depression, Mental Health, Sex, Relationship & Expat Issues
08-559 22 636 or CLICK HERE
Individuals & Couples - Stockholm Beth Rogerson PhD - Clinical, Marriage & Family Therapist
Click or call 08-5580 1266 now
Therapy in English in Stockholm Trained in California Individuals & Couples (08) 93 81 48 FREE phone consultation
Visit anxiousorblue.se
The new Online Tennis Store with the largest selection of Babolat Products in Sweden
http://www.babolatshop.se
Your comments about this article:
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.
I have noticed the food prices continuing to rise even thought there is a recession. Even taking into account the weakening of the krona, the prices are still rising.
That is purely due to lack of competition in Sweden for ICA/COOP. There is some small stores like Lidl and Netto, but there prices are also substantially higher than in other countries.
There needs to be more competition and the unoffical monopolies of the distributers and stores, needs to be broken up.
There needs to be an anti monopoly investigation by the European Union, firstly against the distributers, then the end sellers in Sweden, as the Swedish are paying substantially more at the cash desk, than there European counterparts.