Sweden’s consumer price dynamics weakened in July 2026, with the month-over-month Consumer Price Index (CPI) slipping into negative territory. The CPI fell by 0.3% on a monthly basis, a sharp reversal from the 0.4% increase recorded in the previous month. The data, updated on 13 August 2026, signal a notable cooling in short-term price pressures.
The latest reading compares the change in prices in July to the previous month, while the earlier 0.4% figure reflected the change in that prior month versus its predecessor. The swing from positive to negative month-on-month growth suggests a rapid loss of inflation momentum within a single comparison period, a development that will be closely watched by market participants and policymakers assessing the near-term trajectory of Swedish inflation.
