Sweden Inflation Drops to 0.3%, Lowest Since November 2020

Sweden's consumer price inflation continued to ease in April, with headline inflation rising 0.2-0.3% year-over-year, marking the lowest rate since late 2020 and coming in below analysts' forecasts. Core inflation, which excludes energy prices and is closely watched by the Riksbank, increased by 3.1% annually—slightly less than expected and down from previous projections. Monthly gains for both headline and core inflation were also below market estimates, suggesting that price pressures remain subdued in the Swedish economy. These softer-than-expected inflation figures could bolster expectations that the Riksbank may resume monetary easing to support economic growth.