2026.05.1306:00:00UTC+00Sweden’s Underlying Inflation Gauge Falls Further in April, Signaling Softer Price Pressures

Sweden’s CPIF excluding energy declined more sharply in April 2026, pointing to a further easing of underlying price pressures in the economy. The indicator fell by 0.60% month-over-month in April, compared with a 0.30% decrease in March 2026, according to data updated on 13 May 2026.

The CPIF ex energy measure strips out volatile energy components and is closely watched as a gauge of core inflation dynamics. The steeper month-on-month drop suggests that price increases in other parts of the consumer basket have moderated further, adding to evidence that underlying inflationary momentum is cooling.

On a month-over-month comparison basis, the “actual” April figure reflects the change from March to April 2026, while the “previous” figure captures the change from February to March 2026. With both months showing negative readings and April’s decline deepening, the data may reinforce expectations that inflationary pressures in Sweden are continuing to recede.