Swedish Inflation Slows in July

Consumer prices in Sweden rose by 0.2% year-on-year in July 2026, slightly above market expectations for a 0.1% gain but easing from a 0.7% increase in the previous month, according to preliminary estimates. The latest reading also marked the softest rise since May last year. “Energy prices fell sharply in July, which contributed to the lower inflation rate according to the CPI and CPIF,” said Mikael Nordin, price statistician at Statistics Sweden. On a monthly basis, consumer prices fell by 0.3%, the first decline in three months and reversing a 0.4% rise in the preceding period. Meanwhile, the CPI with a fixed interest rate (CPIF), the Riksbank’s target measure, rose 0.7% year-on-year in July, easing from a 1.3% increase in June but slightly above expectations of a 0.6% gain. Still, the reading was the lowest since December 2020.

Consumer prices in Sweden rose by 0.7% year-on-year in June 2026, confirming preliminary estimates and slowing slightly from a seven-month high of 0.8% in May. A steeper decline was recorded in food prices (-6.8% vs. -6.2% in May), alongside renewed decreases in clothing and footwear (-2.3% vs. 0.7%) and furnishings, household equipment and maintenance (-3.0% vs. -1.4%). Inflation also softened for transport (3.5% vs. 6.0%), despite fuel prices remaining elevated (13.7% vs. 26.9%). In contrast, price growth accelerated for housing and utilities (4.0% vs. 2.6%) and recreation, sport and culture (1.6% vs. 0.6%), reflecting seasonal increases in package holidays, car rentals, and international flights. On a monthly basis, consumer prices grew by 0.4%, slowing from a 1% increase in the preceding period. Meanwhile, the CPI with a fixed interest rate (CPIF), the Riksbank’s target measure, rose by 1.3% year-on-year, matching initial estimates and easing from a 1.5% increase in May.

Consumer prices in Sweden rose by 0.7% year-on-year in June 2026, in line with market forecasts and slightly easing from a seven-month high of 0.8% increase in the previous month, according to preliminary estimates. This marked the second consecutive month of rise but at a softer pace. “The pace of inflation eased in June as a result, among other things, of lower food prices and transport costs,” said Mikael Nordin, price statistician at Statistics Sweden. On a monthly basis, consumer prices went up by 0.4% in June, slowing from a 1% increase in the preceding period. Meanwhile, the CPI with a fixed interest rate (CPIF), the Riksbank’s target measure, rose by 1.3% year-on-year in June, easing from a 1.5% increase in May, and slightly above the expected 1.2% gain.