Sweden’s consumer price inflation picked up in May, with the year-on-year CPI rising to 0.8%, according to data updated on 11 June 2026. This marks a clear turnaround from the previous reading of -0.1% year-on-year, indicating that the economy has moved out of a brief phase of negative annual price growth.
Both the current and previous indicators are based on year-over-year comparisons: the latest figure measures the change in prices in May 2026 versus May 2025, while the earlier -0.1% print reflected the change in the previous month versus its level a year earlier. The swing from mild deflation to positive inflation suggests that price pressures are re-emerging, an important signal for policymakers, markets, and businesses tracking the trajectory of Sweden’s inflation environment.
