FX.co ★ Swedish Inflation Revised Lower to 0.7%

Sweden's annual inflation rate increased to 0.7% in June 2025, up from 0.2% in May, although slightly adjusted from an initial estimate of 0.8%. This is the highest inflation rate seen since February, yet it remains significantly lower than the Riksbank's target of 2%. Key drivers of this acceleration included the sectors of clothing and footwear, which rose by 2.9%, up from 1.7% in May, recreation and culture, which surged to 4% from 0.8%, and restaurants and hotels, which increased to 4.6% from 3.3%. Inflation for food and non-alcoholic beverages saw a slight rise to 5.3% from 5.2%. Conversely, deflationary pressures were evident in the housing and utilities sector, which saw a decrease of 4.2% compared to a 3% decline previously, and transport, which contracted by 2.3% compared to a previous 4.4% decrease. On a monthly scale, consumer prices rose by 0.5%, following a 0.1% increase in May, representing the most significant monthly rise since February. The annual Consumer Price Index with a fixed interest rate (CPIF), which is the Riksbank's preferred indicator for measuring inflation, reached a four-month high at 2.8%. The CPIF also saw a month-over-month increase of 0.5%, compared to a 0.1% gain in the previous month.