Swedbank's grocery basket for families with teenagers now costs 27 percent more than it did in January 2022. This represents a faster rate of increase than wages, which have risen by just under 15 percent during the same period.

The grocery basket for a household with two teenagers now costs 12,497 kronor, which is 2,617 kronor more than in January 2022.

“It is completely understandable that households feel food is expensive, which is why a reduction in food VAT is a welcome announcement,” says Arturo Arques, personal finance expert at Swedbank and the Savings Banks.

At the same time, the rate of increase has slowed recently. Swedbank's grocery basket (for one adult and one young child) now costs 5,361 kronor, which is 137 kronor (2.6 percent) more compared to January 2025. The items that have become more expensive are beverages, meat, fish, and charcuterie.

“Food prices are not rising as much as before. That is positive. The problem is that the grocery basket still eats up 14 percent of households' total consumption,” says Arques.