In January 2026, Sweden's annual inflation rate climbed to 0.4%, up from 0.3% recorded the previous month, according to preliminary estimates. Although this figure was below the market expectation of 0.6%, it represents the highest level since October. On a monthly basis, consumer prices rose by 0.1% in January after remaining unchanged in December. Concurrently, the CPIF, which is the Riksbank's preferred inflation measure, showed a year-on-year increase of 2% in January, a slight decrease from the 2.1% growth noted in the prior month and lagging behind the anticipated 2.1%.