Sweden: CPIF inflation figure likely to print 2.4% y/y - TDS
|Analysts at TD Securities see the Sweden’s broader CPIF inflation figure coming in at 2.4% y/y in line with the recent Riksbank forecast (mkt: 2.3%).
Key Quotes
“The headline will mask a much weaker reading on the core CPIF-ex energy measure, which we expect to rise to only 1.3% y/y vs the Riksbank's forecast of 1.6% y/y. This disappointment on core is likely to lead the market (and possibly even the Riksbank) to lean toward a Feb rather than Dec hike if momentum is reversed in the next month or two. Riksbank executive Skingsley speaks on the economic situation at 8am BST.”
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