Sweden’s CPIF (CPI at constant interest rates) accelerated sharply in September 2026, with the year-over-year rate rising to 1.5%, up from 0.7% in August. The data, updated on 7 October 2026, indicate that underlying inflation momentum has strengthened as price changes picked up compared with the same month a year earlier.
The current September reading compares the price level in September 2026 with September 2025, while the August figure reflected a comparison between August 2026 and August 2025. The move from 0.7% to 1.5% year-over-year suggests that disinflationary forces seen earlier in the year may be easing, and that price increases are becoming more broad-based across the Swedish economy.
While the CPIF remains relatively moderate by historical standards, the quickening pace will likely be closely watched by policymakers and markets alike, as it could influence expectations around the future path of inflation and monetary conditions in Sweden.
