When Statistics Sweden presented the inflation figures for August this year on 14 September, some economists were surprised.

The price increase of 2.4 percent compared to the same month last year was slightly higher than expected.

Electricity, petrol, clothes and shoes were some of the things where prices skyrocketed.

According to Swedbank's head of analysis, Swedish inflation could rise even more during the autumn and end up at around three per cent and then remain there for the foreseeable future.

May increase during the fall

According to the National Institute of Economic Research, commodity prices will probably continue to increase during the autumn, partly due to higher freight prices.

So far, energy, electricity and fuel have contributed to the price increase.

- Electricity has been affected by less windy weather and less precipitation.

Energy prices have risen following rising prices for EU emissions.

So the explanation is partly climate change and climate change, says Urban Hansson Brusewitz.

How worried should we be about rising inflation?

- Not very worried.

In the short term, we believe that this inflation will lead to reduced real wages in the next quarter or two.

But it is likely that it will slow down in Sweden next year as a result of falling energy prices, says Urban Hansson Brusewitz. 

Sveriges Riksbank aims to keep inflation around two percent. Their main tool is the so-called repo rate, which is currently zero percent. According to the Riksbank's latest forecast, the zero interest rate will remain until 2024. However, rising inflation may lead to a decision to raise interest rates somewhat earlier.