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Sweden core inflation slows to 0.1%, weakening Riksbank hike case

Bloomberg ·
Sweden core inflation slows to 0.1%, weakening Riksbank hike case
  • Sweden's CPIF inflation excluding energy slowed to an annual 0.1% in October from 0.5% in September, per a preliminary Statistics Sweden release.
  • The slowdown is the weakest core inflation pace in six months and unexpectedly undercuts the case for further Riksbank rate hikes in the near term.
  • Most analysts viewed the price development as largely temporary.

Quotes

“The CPIF inflation rate excluding energy slowed to an annual 0.1% in October from 0.5% in September”— Bloomberg

Sources