Swedish inflation drops sharply to 0.8% in April

Sweden’s inflation rate fell to 0.8% in April, according to the final measurement of the consumer price index with fixed interest rates (KPIF), Statistics Sweden (SCB) reported on Wednesday. The figure matches the preliminary estimate released on 8 May and marks a significant decline from 1.6% in March.

The Swedish central bank, the Riksbank, targets a KPIF inflation rate of 2.0%. The measure excludes the effects of mortgage rates to provide a clearer view of underlying price pressures.

Data was first reported by Swedish news agency TT.