The June figure can be compared with 1.5 percent in May, according to Statistics Sweden.
It is down a little, but perhaps not as much as the Swedish Central Bank had forecast, says Jens Magnusson, chief economist at SEB.
Robert Boije, chief economist at SBAB, notes that inflation remains within the framework of the Swedish Central Bank's target, and that there is no reason for concern about rising inflation, despite war and oil shortages.
But we can't call the danger over, it's too early, says Robert Boije.
A little above expectations
Jens Magnusson notes, however, that this is the second month in a row that the inflation figure has been slightly above forecasts.
Inflation is low, but there is a small "but" - it is a surprise on the upside. The Swedish Central Bank will probably review this.
None of them believe the June figure will have any impact on mortgage rates.
Our forecast remains the same, we believe in an increase only at the end of 2027, says Jens Magnusson.
Torbjörn Isaksson, chief analyst at Nordea, also notes that inflation is slightly higher than the Swedish Central Bank expected, but that the deviation is small.
"We stand by our view that the Swedish Central Bank will leave the policy rate unchanged at 1.75% this year, despite the fact that the global situation is turbulent and uncertain," he writes.
Food cheaper
According to Statistics Sweden's figures, prices for food and non-alcoholic beverages fell by 6.8 percent year-on-year in June. Prices for healthcare, furniture, clothing and shoes also fell.
Excluding energy prices from CPIF inflation, inflation fell to 0.4 percent, down from 0.5 percent in May.
The decline in inflation was slightly less than expected. Analysts had on average expected inflation to fall to 1.2 percent in June, according to Bloomberg.
The Swedish Central Bank's inflation target is CPIF inflation - where the effects of mortgage interest rates have been removed - of 2.0 percent.
