Sweden’s annual inflation rate stood at 0.3% in December 2025, unchanged from November, confirming initial estimates and remaining at its lowest since May. Downward pressure came from continued deflation in housing and utilities (-2.62% vs -3.07% in November), furnishings and household goods (-3.36% vs -1.42%), transport (-2.16% vs -0.05%), and communication (-0.15% vs -0.59%). Prices also fell for clothing and footwear (-0.49% vs 0.56%), while inflation eased for health (2.91% vs 3.10%) and restaurants and hotels (3.63% vs 3.78%). Meanwhile, inflation picked up for food and non-alcoholic beverages (3.72% vs 3.09%), alcoholic beverages and tobacco (2.38% vs 2.10%), and miscellaneous goods and services (4.20% vs 4.09%), while costs rebounded for recreation and culture (1.34% vs -0.55%). Monthly, consumer prices were flat after a 0.4% drop in November. The CPIF, the Riksbank’s target measure, increased 2.1% annually and 0.1% monthly.
