Sweden’s CPIF (consumer price index at constant interest rates) fell into negative territory in March 2026, highlighting a sharp shift in price dynamics over the month. According to data updated on 7 April 2026, the month‑over‑month CPIF reading dropped to -0.6%, compared with a positive 0.6% in February 2026.
The figures show a pronounced reversal in momentum: February’s result reflected rising prices versus January, while March’s reading indicates that prices, on a CPIF basis, declined compared with February. The month‑over‑month comparison framework means “actual” represents the change in March relative to February, while the “previous” figure captures February’s change relative to January.
This swing from modest inflation to outright price decline suggests growing disinflationary pressures within the Swedish economy. Market participants and policymakers are likely to scrutinize upcoming releases closely to assess whether March’s negative CPIF print marks a temporary correction or the start of a more persistent trend in falling consumer prices at constant interest rates.
