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From March 2020 to January 2021, the monthly change in the Consumer Price Index (CPI) in Sweden fluctuated between -0.4 and 0.7 percent. However, through most of 2021, the monthly change in the CPI was constantly positive, albeit between 0.1 and 0.5 percent. Except for January, it continued to be positive through 2022, with increases as high as 1.8 percent in March and August, and above two percent in December. It then fluctuated more through the first months of 2023. Post-COVID-19 effects and Russia's invasion of Ukraine caused high inflation rates in Sweden and several other countries in 2022.