FX.co ★ Sweden Inflation Rate Confirmed at 0.5%

In March 2025, Sweden's year-over-year inflation rate declined to 0.5%, confirming earlier projections and slipping from February's 1.3%. This represented the lowest inflation rate since December 2020 and marked the eighth consecutive month that inflation lingered beneath the Riksbank's 2% benchmark. The deceleration in price increases was notably seen in sectors such as clothing and footwear, which dropped to 1.4% from 3.8% in February, and in recreation and culture, which fell to 0.6% from 2.2%. Additionally, costs for housing and utilities decreased further, registering at -2.8% compared to -0.4% previously, while transport costs slid to -2.1% from -0.8%. Conversely, food prices experienced a rise in inflation, escalating to 5.4% from 3.9%. Meanwhile, the Consumer Price Index (CPI) adjusted for a fixed interest rate, the Riksbank's preferred measure, increased by 2.3% in March. This aligns with initial estimates and is a slowdown from February’s peak of 2.9% for the year. Month on month, consumer prices fell by 0.7% in March, overturning the 0.9% increase seen in the previous month.