Sweden’s CPIF (CPI at constant interest rates) rose to 0.3% month-over-month in January 2026, up from 0.1% in the previous month, according to data updated on 20 February 2026. The January reading points to a modest acceleration in underlying consumer price pressures compared with the prior month.
On a month-over-month basis, the latest “actual” figure compares the change in prices in January to December, while the “previous” figure had reflected the change in December relative to November. The pick-up from 0.1% to 0.3% suggests that, although inflation remains contained, price growth is no longer as subdued as in the preceding period, and will be closely watched by markets for its implications for Sweden’s monetary policy outlook.
