Swedish core inflation falls to 1.3% in June, below expectations

SCB's preliminary KPIF print signals easing price pressures, aligning with a broader cooling trend across the eurozone.

By Handelsavisen Newsroom · Automated 2026-07-08 06:05 UTC · 1 min read

Sweden's core inflation rate, measured by the KPIF index, declined to 1.3% in June, down from 1.5% in May, according to a preliminary calculation released by Statistics Sweden (SCB).

The drop was slightly more pronounced than market consensus had anticipated, driven primarily by lower food prices and reduced transport costs.

8% in June from 3.2% in May, marking a sharper-than-anticipated deceleration in price pressures across the currency bloc.

Mikael Nordin, a price statistician at SCB, noted that the deceleration in the inflation rate was supported by these specific commodity categories.

The data points to a continued moderation in underlying price pressures within the Swedish economy, a development that traders will monitor closely for implications on the Riksbank's monetary policy path.

The Swedish print arrives alongside similar cooling trends in the broader eurozone.

Headline inflation in the eurozone, measured by the Harmonised Index of Consumer Prices (HICP), fell to 2.8% in June from 3.2% in May, marking a sharper-than-anticipated deceleration in price pressures across the currency bloc.