The development was in line with Statistics Sweden's preliminary figures from last week. It is clearly below the Swedish Central Bank's CPIF inflation target of 2.0 percent.
Food prices fell 6.3 percent year-on-year in May, reflecting the halving of the food VAT. However, the global energy price shock is being felt. Electricity prices rose 15 percent and fuel prices by 27 percent.
Higher rents for apartments, more expensive restaurant bills and more expensive package holidays also contributed to higher inflation.
Changes in mortgage interest rates are excluded from CPIF inflation.
If you also exclude energy prices and look at the CPIF-XE measure, inflation rose to 0.5 percent in May, up from 0.0 percent in April.
