Sweden's July Core Inflation Hits 0.6% as 1.75% Riksbank Rate Faces Pressure
Updated
Updated · Finimize · Aug 6
Sweden's July Core Inflation Hits 0.6% as 1.75% Riksbank Rate Faces Pressure
3 articles · Updated · Finimize · Aug 6
Summary
Sweden’s CPIF rose 0.8% year on year in July, down from 1.3% in June but above the 0.6% Reuters poll forecast.
The policy-sensitive CPIF excluding energy climbed to 0.6% from 0.4%, defying expectations for easing and suggesting broader price pressure stayed firmer than the headline slowdown implied.
The headline drop was driven largely by cheaper energy, echoing earlier preliminary data that also pointed to tax cuts on fuel and public transport helping cool inflation.
The Riksbank held rates at 1.75% in June, and the hotter core reading could lift market pricing for a hike or a longer hold ahead of its August 20 decision.