FX.co ★ Sweden’s CPIF Eases Slightly in January, Edging Closer to Riksbank’s Target

Sweden’s CPIF (CPI at constant interest rates) annual inflation rate softened marginally at the start of 2026, slipping to 2.0% year-over-year in January from 2.1% in December 2025. The January 2026 figure, updated on 06 February 2026, keeps inflation essentially in line with the Riksbank’s 2% target, suggesting a broadly stable price environment.

The data, measured on a year-over-year basis, indicate that price growth in January 2026 was slightly slower than in the previous month when compared with the same period a year earlier. While the move from 2.1% to 2.0% is modest, it underscores a trend of contained inflation pressures as Sweden progresses into 2026. This stability in CPIF may support expectations for a cautious monetary policy stance in the near term, with limited immediate pressure for tighter conditions if price dynamics remain anchored around the target.