Consumer prices in Sweden fell by 0.1% year-on-year in April 2026, in line with preliminary estimates and following a 0.5% increase in March. This marked the first annual decline in consumer prices since April 2020, largely driven by a sharp drop in food prices (-5.7% vs 0% in March).
Prices also declined at a faster pace in several categories: information and communication (-2.1% vs -1.8%), recreation, sport and culture (-2.4% vs -0.6%), and health (-5.3% vs -4.6%). In contrast, the declines in prices for housing and utilities (-0.1% vs -0.4%) and for furnishing, household equipment and routine household maintenance (-2.0% vs -3.6%) were less pronounced than in the previous month.
Meanwhile, transport costs rose more rapidly (5.2% vs 3.3%), reflecting higher energy prices linked to the conflict in the Middle East. On a monthly basis, the CPI declined by 0.6%, the same rate as in March.
The consumer price index with a fixed interest rate (CPIF), the Riksbank’s target measure, increased by 0.8% year-on-year in April, the smallest rise since December 2020 and down from a 1.6% gain in March.
