Record inflation and a free-falling krona eroding Swedish purchasing power
Count on tightening the purse strings even further in 2023. The falling krona is pushing inflation to record highs and eroding Swedish purchasing power.“High inflation this year will represent a loss of around SEK 35,000 in purchasing power for the average household”, says Handelsbanken’s Chief Economist, Christina Nyman.According to Handelsbanken’s macroeconomic forecasts, the Riksbank will continue raising the policy rate, and Swedish purchasing power will start to rise again in 2024 at the earliest when inflation starts to slow down.“Unfortunately, there is no pain-free solution, and