FX.co ★ Sweden’s CPIF Turns Negative in July, Snapping Modest Inflation Trend

Sweden’s CPIF (CPI at constant interest rates) slipped into negative territory in July 2026, marking a notable reversal from the prior month’s mild price growth. Month-over-month, the indicator fell to -0.3% in July from 0.3% in June 2026, according to data updated on 06 August 2026.

The shift means that, on a monthly basis, consumer prices adjusted for constant interest rates declined in July, after having risen in June. The comparison uses a month-over-month framework: the July reading measures the change from June, while the June figure reflected the change from May. This downturn in CPIF momentum underscores a rapid cooling in price dynamics within just one month.