Core inflation · Sweden
Sweden CPIF Ex Energy MoM Prel
The Sweden CPIF Ex Energy MoM Prel measures the rise in consumer prices in Sweden without the most volatile items, usually food and energy (definitions vary by country).
- Importance
- Low
- Next release
- Currency
- SEK · Swedish krona
- Central bank
- The Riksbank
Latest figures
No results of this release are shown yet. They appear here as soon as they are published.
Why it matters
Food and energy prices jump with harvests and oil, then fall back. The core rate shows the underlying trend that the Riksbank can actually influence, so it often moves markets more than the headline. Services inflation, driven by wages, is the stickiest part.
How it is calculated
Statistics Sweden (SCB) takes the consumer price index basket, removes the excluded items and re-weights the rest; the change is measured month on month and against the same month a year earlier.
Core inflation (yoy) = core index ÷ core index 12 months ago − 1What changes mean
- A core rate falling towards the target lets the Riksbank ease; a stubborn core keeps rates high.
- Monthly core changes of 0.2% compound to about 2.4% a year; 0.3% to about 3.7%.
- Markets compare the figure with the consensus to one decimal; a 0.1-point surprise moves currencies.
Higher than expected: A higher figure than expected makes the Riksbank more likely to keep rates high or raise them: it tends to support the Swedish krona and push bond yields up, and is often a weight on stocks.
Lower than expected: A lower figure than expected gives the Riksbank room to cut or hold rates lower: the Swedish krona tends to soften and bond yields to fall.
A short history
Economists Robert Gordon and others popularised excluding food and energy in the 1970s, when oil shocks made the headline rate misleading; most central banks now publish or watch a core measure.
The Riksbank is the world's oldest central bank, founded in 1668.
Questions
What is the Sweden CPIF Ex Energy MoM Prel?
The Sweden CPIF Ex Energy MoM Prel measures the rise in consumer prices in Sweden without the most volatile items, usually food and energy (definitions vary by country).
When is the next Sweden CPIF Ex Energy MoM Prel?
On Friday 4 December 2026 at 07:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.