Swedish Inflation Revised Slightly Higher

2026-02-20 07:22 By Joshua Ferrer 1 min. read

Sweden’s annual inflation rate rose to 0.5% in January 2026, slightly above initial estimates of 0.4% and accelerating from 0.3% in the previous month.

The latest figure also marked the highest reading since October, driven by higher costs of food and non-alcoholic beverages (3.2% vs 3.7% in December), alcoholic beverages, tobacco and narcotics (2.9% vs 2.4%) and clothing and footwear (0.4% vs -0.5%).

At the same time, prices declined at a softer pace for housing and utilities (-0.1% vs -2.6%), mainly due to rising electricity and rent costs.

Meanwhile, prices decreased for health (-4.9% vs 2.8%), while inflation softened for recreation, sport and culture (0.6% vs 3.5%) and education services (3.5% vs 6.5%).

On a monthly basis, consumer prices rose by 0.1% in January, following a flat reading in the preceding period.

The CPIF, the Riksbank’s target measure, increased 2% annually and 0.3% monthly.



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Swedish Inflation Revised Slightly Higher
Sweden’s annual inflation rate rose to 0.5% in January 2026, slightly above initial estimates of 0.4% and accelerating from 0.3% in the previous month. The latest figure also marked the highest reading since October, driven by higher costs of food and non-alcoholic beverages (3.2% vs 3.7% in December), alcoholic beverages, tobacco and narcotics (2.9% vs 2.4%) and clothing and footwear (0.4% vs -0.5%). At the same time, prices declined at a softer pace for housing and utilities (-0.1% vs -2.6%), mainly due to rising electricity and rent costs. Meanwhile, prices decreased for health (-4.9% vs 2.8%), while inflation softened for recreation, sport and culture (0.6% vs 3.5%) and education services (3.5% vs 6.5%). On a monthly basis, consumer prices rose by 0.1% in January, following a flat reading in the preceding period. The CPIF, the Riksbank’s target measure, increased 2% annually and 0.3% monthly.
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