Sweden: Inflation slows in January from December
Latest reading: Consumer prices with a fixed interest rate (CPIF) were up 2.0% in annual terms in January, following a 2.1% increase in the previous month. January’s reading was the weakest since December 2024.
Relative to the previous month’s figures, price pressures reduced for food and non-alcoholic beverages in January (+3.2% on a year-on-year basis vs +3.7% in December). In contrast, there were more notable price pressures for housing, water, electricity, gas and other fuels (-0.1% vs -2.6% in December) and transportation (-1.7% vs -2.1% in December).
Meanwhile, core consumer prices—which exclude energy costs as well as the effect of interest-rate changes—rose 1.7% on a year-on-year basis in January, following a 2.3% rise in the previous month.
Lastly, consumer prices with a fixed interest rate rose 0.27% in January on a month-on-month basis, following a 0.10% increase in the previous month.