Consumer prices in Sweden increased by 0.9% year-on-year in October 2026, in line with preliminary estimates and down from a 1.1% rise in September, which had marked the fastest pace since February 2025. The slowdown was largely attributable to deeper deflation in several categories, including food and non-alcoholic beverages (-7% vs -6.6% in September), furnishings, household equipment and maintenance (-1.6% vs -0.5%), health (-6.3% vs -5.9%), and education services (unchanged at -15.6%).
In contrast, prices for housing and utilities (5.1% vs 4.8%) and transport (4.3% vs 3.4%) accelerated. Transport costs were boosted by a 25% jump in fuel prices, with diesel up 38% and gasoline up 16%. Electricity prices rose 14%, and rents increased by 3.3%. On a monthly basis, the overall consumer price index was flat, following a 0.9% increase in September.
Meanwhile, the CPIF index, which excludes the impact of changes in mortgage interest rates, advanced 1.1% year-on-year, easing from a four-month high of 1.5% in September. Its monthly reading was also unchanged.
