FX.co ★ Sweden Inflation Rate Lowest Since 2020

Sweden's annual inflation rate slowed to 0.5% in March 2025, down from 1.3% in February, falling short of the anticipated 0.8%, based on preliminary estimates. This represents the lowest inflation rate since December 2020 and marks the eighth consecutive period with inflation below the Riksbank’s 2% target. On a month-to-month basis, consumer prices decreased by 0.7%, marking the first drop since last August. This surpasses the expected 0.4% decline and contrasts with a 0.6% increase recorded in February. Additionally, the CPI with a fixed interest rate, which serves as the Riksbank’s target measure, eased to 2.3% in March, down from a one-year peak of 2.9% in the previous period, missing market forecasts of 2.6%. In comparison to February, the CPIF also fell by 0.5%. This was the first decline since August 2024, exceeding the anticipated 0.2% drop and reversing a 0.9% increase witnessed the prior month.