Sweden’s CPIF (CPI at constant interest rates) inflation eased to 1.7% year-over-year in February 2026, down from 2.0% in the previous reading, according to data updated on 12 March 2026. The CPIF measure, which is closely watched as an indicator of underlying price trends, now stands slightly below the Riksbank’s 2% inflation target.
Both the current and previous readings are based on year-over-year comparisons, measuring price changes in February against the same month a year earlier. While the prior figure showed inflation running at target, the latest decline to 1.7% suggests a modest cooling in price pressures, potentially reshaping expectations around Sweden’s monetary policy outlook.
The shift in CPIF underscores a softer inflation backdrop in early 2026 and may influence how investors and policymakers assess the balance between supporting growth and maintaining price stability in the Swedish economy.
