The bank cites increased uncertainty, especially regarding the war in Iran, as the reason for the lowered figure.
"The war between the US and Iran has increased the risk of higher prices in the future. The extensive restrictions on shipping through the Strait of Hormuz mean a sharply reduced supply of important raw materials and major disruptions in supply chains," the report states.
The report notes that world trade and Swedish exports have so far been "surprisingly stable", but it also points out that the global situation may affect inflation further down the line.
"The time lag before higher commodity prices are reflected in higher consumer prices is difficult to assess, but it is likely to occur gradually from the autumn."
