Sweden Inflation Rate Lowest Since 2020

Sweden’s annual inflation rate decelerated to 0.5% in March 2025 from 1.3% in February and below the expected 0.8%, according to preliminary estimates.

This marks the lowest reading since December 2020 and the eighth consecutive period with inflation below the Riksbank’s 2% target.

On a monthly basis, consumer prices fell 0.7%, the first decline since last August, exceeding the expected 0.4% drop and reversing a 0.6% gain in February.

Meanwhile, the CPI with a fixed interest rate (the Riksbank’s target measure), eased to 2.3% in March from a one-year high of 2.9% in the prior period, falling short of market expectations of 2.6%.

Compared to February, the CPIF declined by 0.5%, the first drop since August 2024, exceeding the expected 0.2% decrease and reversing a 0.9% rise a month earlier.