Statistics Sweden reported on Tuesday, consumer prices climbed 1.9 percent y-o-y in February, the same pace of increase as in January. 

Economists had expected the inflation rate to rise to 2.0 percent.

On a monthly basis, consumer prices increased 0.7 percent in February, after falling 1.0 percent in the previous month. That marked the biggest gain since February last year.

According to the report, the monthly advance was attributable to higher prices for food and non-alcoholic beverages, clothing as well as higher transport costs.