FX.co ★ Sweden’s CPI Swings into Deflation in March, Snapping Previous Month’s Rise

Sweden’s consumer price dynamics reversed sharply in March, with the month‑over‑month Consumer Price Index (CPI) falling by 0.6%, according to data updated on 14 April 2026. This marks a significant turnaround from the previous month’s 0.6% increase, signaling that price pressures have cooled markedly on a short‑term basis.

The comparison is made on a month‑over‑month basis, meaning March’s 2026 price level is measured against February’s, while the earlier 0.6% figure reflected the change from January to February. The move from positive inflation to a negative monthly print suggests a rapid shift in pricing conditions, which will be closely watched by markets and policymakers for indications of whether disinflationary trends could persist or prove temporary.