Sweden’s underlying inflation pressures eased sharply in April 2026, with the CPIF excluding energy registering 0.00% year-on-year, down from 1.10% in March 2026. The data, updated on 13 May 2026, underscore a marked deceleration in price growth for goods and services once volatile energy components are stripped out.
The CPIF ex energy indicator measures how prices in April 2026 compare with those in April 2025, offering a clearer view of core inflation trends. The shift from 1.10% in March to flat price growth in April suggests that underlying inflationary momentum has largely stalled on an annual basis, potentially influencing expectations around future monetary policy and economic conditions in Sweden.
The year-over-year comparison framework means that both the previous and current readings gauge changes against the same months a year earlier—March 2025 and April 2025, respectively. This provides a consistent backdrop to assess how quickly inflationary pressures are fading in the Swedish economy.
