In December 2024, Sweden saw a decline in its Consumer Price Index at constant interest rates (CPIF), with the indicator dipping to 1.5%, according to the latest data released on January 8, 2025. This marks a slowdown from November's revised figure of 1.8%.
The CPIF measures inflation in the country by keeping interest rates constant, offering an adjusted view that neglects the impact of changes in interest rates on households' expenditure. The December figure represents a critical shift in the Swedish economy as it continues to adjust to varying economic pressures domestically and internationally.
This annual comparison highlights a broader trend of decelerating inflationary pressures in Sweden, reflecting both domestic consumption behaviours and external economic factors that influence pricing mechanisms. As the new year unfolds, policymakers and economists alike will be keen to monitor inflation metrics closely, determining their impact on the economic strategy and the overall fiscal health of Sweden.