FX.co ★ Sweden’s CPIF Edges Down to 2.0% in January, Staying Near Inflation Target

Sweden’s inflation, measured by the CPIF (CPI at constant interest rates), eased slightly to 2.0% year-over-year in January 2026, down from 2.1% in the previous reading. The latest data, updated on 20 February 2026, show price pressures stabilizing very close to the level often associated with central bank inflation targets.

Both the current and previous readings are based on year-over-year comparisons, with the “actual” figure reflecting the change in January 2026 versus January a year earlier, and the “previous” figure capturing the change in the prior month versus the same month a year before. The marginal decline from 2.1% to 2.0% suggests that underlying inflation in Sweden is broadly steady, with only a slight moderation in the annual pace of price increases at the start of the year.