Sweden’s core inflation excluding energy (CPIF ex Energy) declined month-over-month in August 2026, marking a clear reversal from the previous month’s rise. According to data updated on 14 September 2026, the CPIF ex Energy indicator fell by 0.50% in August compared with July, when it had increased by 0.40%.
The figures are based on a month-over-month comparison, where the current reading reflects the change in prices from August to July 2026, while the previous reading captured the change from June to July 2026. The swing from positive to negative territory suggests a notable cooling in underlying price pressures once volatile energy components are stripped out. Investors and policymakers will be watching whether this downside move in core prices signals a more sustained easing of inflation dynamics in Sweden.
