Swedish Inflation Confirmed at 0.3% in August

Consumer prices in Sweden rose by 0.3% year-on-year in August 2026, confirming preliminary estimates and slightly up from a 0.2% gain in July, which was the lowest reading since May 2025. Prices mainly increased for housing and utilities (2.6% vs 2.3% in July), driven by higher rents and electricity prices, while transport (1.7% vs 0.4%) also accelerated as fuel prices rose, with diesel becoming 18% more expensive. Additionally, inflation continued to rise for alcoholic beverages and tobacco (2% vs 2.1%) and recreation, sport and culture (1.6% vs 1.8%). In contrast, costs declined further for food and non-alcoholic beverages (-6.6% vs -7.2%), health (-6.2% vs -6.4%), and education services (-15.5% vs -15.3%). On a monthly basis, consumer prices fell by 0.3%, the same pace as in the previous month. Meanwhile, the CPI with a fixed interest rate (CPIF), the Riksbank’s target measure, rose 0.7% annually, the lowest reading since December 2020, and down 0.3% monthly in August.

Consumer prices in Sweden rose by 0.3% year-on-year in August 2026, slightly up from 0.2% in July, which was the lowest reading since May 2025, but well below market expectations for a 0.6% increase, according to preliminary estimates. “Preliminary figures show a slightly higher inflation rate according to the CPI,” said Caroline Neander, price statistician at Statistics Sweden. On a monthly basis, consumer prices fell by 0.3%, matching the previous month. Meanwhile, the CPI with a fixed interest rate (CPIF), the Riksbank’s target measure, held at 0.7% year-on-year, unchanged from the prior month but slightly below the expected 0.8% gain. Stripping out volatile energy prices, a measure closely watched by the central bank, inflation eased marginally to 0.5% compared to the same month a year earlier.

Consumer prices in Sweden rose by 0.2% year-on-year in July 2026, confirming preliminary estimates and slowing from a 0.7% increase in the previous month. The latest figure also marked the softest rise since May last year, driven largely by lower prices for food and non-alcoholic beverages (-7.2% vs -6.8% in June), health (-6.4% vs -4.7%), and education services (-15.3% vs 3.4%). At the same time, inflation softened for housing and utilities (2.3% vs 4%) and transport (0.4% vs 3.5%). On the other hand, costs rebounded for clothing and footwear (0.4% vs -2.3%) and information and communication (1.4% vs -1.0%), while restaurants and accommodation services rose at a faster pace (3.5% vs 2.7%), reflecting seasonal price increases. On a monthly basis, consumer prices fell by 0.3%, the first decline in three months and reversing a 0.4% rise in June. Meanwhile, the CPI with a fixed interest rate (CPIF), the Riksbank’s target measure, rose 0.7% annually and fell 0.3% month-on-month in July.