In a surprising turn for the Swedish economy, the Consumer Price Index with fixed interest rates excluding energy (CPIF Ex Energy) experienced a notable decline of -0.60% for the month of November 2025. This fall comes after a stable month-over-month increase of 0.30% in October 2025. The latest data was updated on December 11, 2025, providing insight into the shifting dynamics of the Swedish economy.
The month-over-month change of -0.60% indicates a departure from the upward trend seen in the previous month, reflecting a possible cooling in consumer spending or a shift in the pricing patterns of goods and services. These figures suggest that, excluding the volatile energy sector, there may be underlying economic factors contributing to a softening in inflation pressures.
This decline is a critical indicator for policymakers and economists, as it highlights the complexities of managing inflation without the influence of energy costs contributing to the overall index. The unexpected drop in the CPIF Ex Energy may prompt further analysis and consideration of potential monetary policy adjustments to ensure sustained economic stability in Sweden.
