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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwedenSweden CPI MoM fell to -0.3% in July 2026
FMPMonthlyReleased August 2026
Sweden CPI MoM fell to -0.3% in July 2026, released August 2026, down 0.7% from June's 0.4% reading. The reading matched expectations. The print is running well below the 12-month average of -0.1%. Over the past 3 months, CPI MoM averaged 0.53%, vs -0.6% in the prior 3-month window.
Latest Release
-0.3
Actual
-0.3
Consensus
0.4
Previous
Median Absolute Error
±0.07 percentage points
across last 6 releases
Last Call
Aug 2026
Predicted: -0.24
Actual: -0.3
Error: +0.06
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.74 | INDEX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.71 | INDEX | Moves against | → View |
| FTSE 100 | ▼ Inverse | −0.63 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.61 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.53 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Sweden) was reported at -0.3% in August 2026. This matched the market consensus of -0.3% exactly. The reading fell from the previous value of 0.4%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.2%, ranging from -0.6% to 1% across 6 releases.
WHY IT MATTERS
The trailing three releases averaged -0.07%, down from the prior three at 0.47%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with Euro STOXX 50, negatively correlated (Bearish Euro STOXX 50). Over the last 6 releases, the Sigmacast model's median absolute error is 0.07%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Sep 24).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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CPI MoM - SE
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About CPI MoM — Sweden
DEFINITION
Sweden's CPI MoM for July came in at -0.300000%, matching estimates and down from June's 0.400000%. This marks a shift from inflationary pressure to deflationary territory, indicating a contraction in consumer prices month-over-month. Market focus will remain on upcoming inflation data and Riksbank policy signals amid this cooling trend. Updated 8/13/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual -0.3 %, consensus -0.3 %. Prior reading (Jul 2026): -0.3 %. Before that (Jun 2026): 0.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.74) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - SE Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | SE | Inflation Rate MoM | -0.3 | -0.3 | -0.3 | -0.30 | Low |
| 06:00 | SE | CPIF MoM | -0.3 | -0.3 | -0.3 | -0.30 | Low |
| 06:00 | SE | CPIF YoY | 0.7 | 0.7 | 0.7 | 0.70 | Low |
| 06:00 | SE | Inflation Rate YoY | 0.3 | 0.2 | 0.3 | 0.30 | Low |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | SE | Employed Persons | 5.507 | 5.4 | 5.40 | Low | |
| 06:00 | SE | Unemployment Rate | 7.8 | 8.2 | 8.20 | Low | |
| 06:00 | SE | Household Consumption MoM | 1.6 | -0.9 | -0.90 | Low | |
| 06:00 | SE | Household Consumption YoY | 4.3 | 3.7 | 3.70 | Low | |