Cheaper food pushes Swedish inflation down to 1.3% in June

Compared with May, consumer prices rose 0.4 percent in June, according to Statistics Sweden.

"The monthly increase from May to June showed seasonally normal price increases for package holidays, which were partly offset by falling fuel prices and summer campaigns on clothing," says Caroline Neander, price statistician at Statistics Sweden, in a press release.

At an annual rate, food prices fell 7 percent, while electricity prices rose 24 percent and fuel prices by 14 percent.

The decline in inflation in June was in line with preliminary calculations by Statistics Sweden from July 8.

The Swedish Central Bank's inflation target is CPIF inflation - where the effects of mortgage interest rates have been removed - of 2.0 percent.