How did the financial crisis of 2008 and the Covid-19 pandemic affect the Swedish consumer price index?
Abstract: This study analyzes how the financial crisis of 2008 compared to the Covid-19 pandemic affectedinflation, measured by the consumer price index, in Sweden. This study aims to give moreprofound knowledge of how two crises affect the consumer price index and therefore preventpotential future economic crises. Data from Statistics Sweden and Statistics Denmark was analyzed by using a quantitative methodto statistically investigate how different periods of crisis vary and their effect on the consumerprice index compared to non-crisis periods of the data. The study observes data from 2000 to2022. The financial crisis had its starting point on the housing market in the US, and the pandemic wascaused by the SARS-CoV-2 virus. Both crises have and may continue to affect the consumerprice index. Results from previous research are mostly aligned with the results and conclusion from this studyregarding how the financial crisis in 2008 and the Covid-19 pandemic affected the Swedishconsumer price index. In conclusion, both crises affected the consumer price index. During thefinancial crisis, it dropped, increased, and dropped again. Two peaks in the consumer price index,before and after the financial crisis, suppress the visual effect of the high peak at the beginningof the financial crisis. During Covid-19, the consumer price index increased largely, and the peakwas not reached during the period of the collected data.
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