Statistics Sweden (SCB) has reported that the country's inflation rate according to the Consumer Price Index (CPI) reached 1.1% in August 2025, up from 0.8% in July. The monthly change in the CPI was -0.4%.
© Scanrail | Dreamstime
The CPIF (Consumer Price Index with fixed interest), which is the Riksbank's target variable for monetary policy, stood at 3.2% in August, compared with 3.0% in July. The CPIF excluding energy (CPIF-XE) was 2.9%, down from 3.2% in July.
"Electricity prices increased more than they usually do from July to August, while prices for food and non-alcoholic beverages decreased for the first time since the turn of the year," said Caroline Neander, price statistician at Statistics Sweden.
Seasonal effects were also evident. Prices for package holidays fell sharply by -22.5% month on month, alongside international flights (-29.2%) and car rentals (-15.9%), reflecting the end of the summer holiday season. Clothing prices (+5.8%) and traffic charges (+106.2%, due to congestion and bridge tolls returning to high-season levels) offset some of these declines.
On an annual basis, goods and services with the largest upward impact on CPI included:
- Electricity (+25.0%, +0.8 percentage points)
- Rents for tenant apartments (+4.7%, +0.4 percentage points)
- At the same time, interest costs for owner-occupied homes (-24.0%) and condominiums (-27.3%) exerted strong downward pressure.
The overall downward monthly movement of -0.4% compared with July was less pronounced than in the same period last year (-0.6%). According to SCB, this reflects the interplay between rising electricity prices and seasonal reductions in holiday-related costs.
More information:
Statistics Sweden
www.scb.se
