FX.co ★ Sweden’s Inflation Turns Negative in April, Marking First YoY CPI Decline of 2026

Sweden’s consumer price inflation slipped into negative territory in April 2026, signaling a notable shift in the country’s price dynamics. Year-over-year CPI came in at -0.1%, compared with a 0.5% annual increase recorded in March 2026.

The data, updated on 06 May 2026, show that prices in April were slightly lower than in April a year earlier, reversing the modest inflation seen the previous month. On a year-over-year basis, the March figure measured the change in prices relative to March of the prior year, while the April reading compares price levels to April a year earlier.

The move from positive to slightly negative annual inflation will likely draw attention from policymakers and markets, as it may signal weakening price pressures after a period of subdued, but still positive, inflation earlier in the year.