FX.co ★ Sweden’s CPIF Inflation Cools Further to 0.7% in July, Extending Disinflation Trend

Sweden’s inflation, measured by the CPIF (CPI at constant interest rates), slowed to 0.7% year‑on‑year in July 2026, down from 1.3% in June 2026, according to data updated on 6 August 2026. The figure underscores a continued easing in price pressures as measured against the same month a year earlier.

The comparison is strictly year-over-year: the July 0.7% reading reflects the change in prices since July of the previous year, while the June 1.3% figure captured the change from June a year earlier. The latest data point suggests that the disinflation trend gained momentum in mid‑summer, with Swedish price growth moving further away from prior elevated levels.

For policymakers, markets, and businesses, the drop from 1.3% to 0.7% in CPIF between June and July will be closely watched, as it provides a clearer signal of how underlying inflationary dynamics are evolving in Sweden over time, independent of interest rate moves.