FX.co ★ Sweden’s CPIF Turns Negative in July, Marking Sharp Month‑to‑Month Reversal

Sweden’s CPIF (CPI at constant interest rates) slipped into negative territory in July, highlighting a notable turnaround in short‑term price dynamics. According to data updated on 13 August 2026, the month‑over‑month CPIF came in at -0.3% for July, compared with a 0.3% increase previously.

Both the current and previous readings refer to July 2026, but they capture different month‑over‑month comparisons. The “previous” figure of 0.3% reflects how prices moved in the prior month versus the one before it, while the current -0.3% shows the latest monthly change. The swing from modest price growth to a slight decline suggests a cooling in underlying price pressures when measured at constant interest rates.