• Continued price increases in July for package holidays, international flights and car rentals.
• Prices on food and non-alcoholic beverages rose in July, where prices on soft drinks and chocolate were higher among others.
• The price on diesel increased by 4.3 percent, while gasoline, 95 octane, decreased marginally by 0.1 percent.
• Higher prices on food and non-alcoholic beverages, electricity and rents for rental apartments were among the main contributions to the inflation rate according to CPI.
• Interest expenses, owner-occupied housing and tenant-owned apartments, continued to increase on an annual basis and contributed with -1.8 percentage points to the inflation rate according to the CPI.

Higher prices on package holidays, car rentals and food

The total price development from June to July was an increase by 0.2 percent. In the corresponding period last year, prices increased by 0.1 percent.

The main contribution to the overall price increase in July came from higher prices on package holidays, which rose by 16.4 percent. Prices for car rentals and international flights rose as well. Higher prices on package holidays, car rentals and international flights during the summer are normal for the season. Moreover, prices on diesel were up by 4.3 percent in July.

Many different products contributed to the price increase within food and non-alcoholic beverages, for which the overall price change amounted to 1.1 percent. The main contributions came from higher prices on sugar, jam, honey, chocolate and confectionery as well as meat and soft drinks.

The overall price increase was partially offset by lower clothing prices, which is normal for the season. Prices also decreased for furniture, hotel rooms for weekdays as well as interest expenses for owner-occupied housing. Within health, the annual replenishment of the national dental care subsidy contributed to lower dentist fees in July. This price decrease was to some extent counterbalanced by higher prices on pharmaceuticals, which was affected by a change in the high-cost protection. More information on how the change in high-cost protection have been treated in the CPI can be found further down under High-cost protection from July.

The table below shows changes on a monthly basis and contributions to the CPI based on the goods and services that had the greatest impact on the CPI in July 2025. The results are presented by COICOP category. COICOP refers to the United Nations classification of household consumption expenditure. 

Contributions to the inflation rate in July

The inflation rate according to the CPI, that is, the change in the CPI from the same month last year, was 0.8 percent in July 2025. This is an increase from June, when the inflation rate was 0.7 percent.

Higher prices for food and non-alcoholic beverages contributed to the increase in the inflation rate according to the CPI, where the main contributions came from sugar, jam, honey, chocolate and confectionery as well as milk, cheese and eggs.

Prices for electricity and fees for rented and tenant-owned apartments have risen compared to July 2024. Additionally, higher prices for restaurant visits and within personal care also contribute to the inflation rate.

The inflation rate was partially offset by lower interest expenses for owner-occupied housing and tenant-owned apartments, contributing -1.8 percentage points to the inflation rate according to the CPI. Fuel prices have also decreased on an annual basis, driven by lower prices on gasoline, 95 octane. Prices within transport services have declined compared to July 2024, mainly because of lower prices on international flights.

The inflation rate according to the CPIF, which unlike the CPI is not affected by changes in interest rates on household mortgages, was 3.0 percent in July, up from 2.8 percent in June.

The inflation rate according to the CPIF calculated excluding energy products (CPIF-XE) was 3.2 percent in July which was a decrease from June when it was 3.3 percent.

Different measures of inflation

Statistics Sweden calculates different inflation measures for different purposes. The CPIF is the Riksbank’s target variable, while CPI is the measure used for purposes of compensation. The CPIF includes the same goods and services as CPI. The difference between the CPI and the CPIF is that the latter measure holds interest rates for household’s mortgages constant. Consequently, the effect of changed interest rates for household’s mortgages is only captured by the CPI and not the CPIF.

Additional to the CPI and the CPIF, the HICP is also calculated. The HICP is a harmonized measure of inflation used within the EU cooperation. Another index that is calculated each month is CPIF-XE (the CPIF excluding energy products) which is often used as a measure of underlying inflation.