News · Economy · Published 11 July 2026
Sweden's preliminary inflation rate eased to 0.7% in June
SCB's early estimate shows lower annual KPI and KPIF rates, while prices still rose from May; definitive figures are due on 15 July.
DailySweden Editorial Desk
Updated 17:04 · 3 min read
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Sweden's annual inflation rate was 0.7% in June according to Statistics Sweden's preliminary consumer price estimate, down from 0.8% in May. The agency published the rapid estimate on 8 July and cautioned that the ordinary, more detailed release will follow on 15 July.
The annual rate eased even though the consumer price index rose during the month. KPI increased by 0.4% from May to June. Those figures measure different comparisons: the annual rate compares June 2026 with June 2025, while the monthly rate compares June with the immediately preceding month. A lower annual rate and a positive monthly change can therefore occur at the same time.
The preliminary KPIF rate, which holds mortgage interest rates constant and is the Riksbank's target measure, fell from 1.5% in May to 1.3% in June. KPIF rose 0.3% over the month. KPIF excluding energy was estimated at 0.4% annually, down from 0.5%, while its monthly change was 0.6%.
SCB's early estimate shows lower annual KPI and KPIF rates, while prices still rose from May; definitive figures are due on 15 July.
Statistics Sweden attributed some of the moderation in the annual inflation rate to lower food prices and transport costs. The rapid release does not provide the same detailed product-level breakdown as the ordinary publication, so it is too early to say from these figures alone which groceries, journeys or household expenses made the largest individual contributions.
Economy essentials
KPI and KPIF serve different purposes. KPI is Sweden's most commonly cited general inflation measure and includes the effect of changing mortgage rates on household costs. KPIF covers the same basket of goods and services but holds mortgage interest rates constant, which is why it is used as the monetary-policy target variable. The two rates can move differently when borrowing costs change.
This release is explicitly a flash estimate published five working days before the official data. It contains the main indices and aggregate changes, while fuller information and definitive values are scheduled for 08.00 on 15 July. Households and analysts should treat 0.7% and 1.3% as the best early readings, not as the final June results.
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