Sweden's inflation rate, as measured by the Consumer Price Index (CPI), slowed significantly to 0.5 percent in March 2025, marking a continued decline from February's rate of 1.3 percent, according to new data released by Statistics Sweden.
The monthly CPI also fell by 0.7 percent between February and March, reflecting sharp decreases in energy-related expenses. The CPIF, which adjusts for fixed interest rates on household mortgages and is the Riksbank's preferred inflation gauge, declined from 2.9 percent in February to 2.3 percent in March. The CPIF-XE, which excludes energy, remained stable at 3.0 percent.
The CPI is Sweden's standard measure of inflation and is primarily used for compensation and contractual adjustments. Meanwhile, the CPIF serves as the central bank's target variable due to its insulation from interest rate fluctuations. The CPIF-XE provides a measure of underlying inflation by excluding volatile energy prices.
Statistics Sweden also reminded users of its CPI flash estimate—a preliminary indicator published five working days ahead of the full CPI report. The next CPI flash estimate will be released on 7 May 2025, followed by the full monthly publication on 14 May 2025.
More information:
Statistics Sweden
www.scb.se