Sweden’s consumer price growth slowed to 0.2% year on year in July 2026, confirming preliminary estimates and easing from 0.7% in June, while the Consumer Price Index fell 0.3% from the previous month after a 0.4% rise in June. The annual reading was the weakest since May last year and was driven by steeper declines in food and non-alcoholic beverages, health, and education services, alongside softer inflation for housing and utilities and transport. At the same time, prices rebounded for clothing and footwear and for information and communication, while restaurants and accommodation services rose faster on seasonal increases. The CPI with a fixed interest rate, or CPIF, which is the Riksbank’s target measure, increased 0.7% from a year earlier and fell 0.3% on the month. The data add to signs that price pressures are cooling in the Nordic economy, a backdrop that may strengthen expectations for policy easing if the disinflation trend continues.