Sweden’s CPIF excluding energy remained unchanged at 1.10% year-on-year in March 2026, matching the revised 1.10% rate recorded in February 2026. The data, updated on 14 April 2026, indicate that underlying inflationary pressures — stripped of volatile energy components — have stabilized at a relatively modest level.
On a year-over-year basis, the March reading reflects the same pace of core price growth as in the previous month, when February’s CPIF ex energy was also 1.10% compared to February a year earlier. The indicator compares price developments for March 2026 with those of March 2025, while the prior figure compared February 2026 with February 2025, underlining a consistent pattern of subdued core inflation over recent months.
The flat reading in March suggests that, at least for now, Sweden’s underlying inflation dynamics are neither accelerating nor decelerating, potentially offering the Riksbank a measure of predictability as it evaluates future monetary policy steps.
