Swedish inflation: February flash CPI
February inflation
Flash inflation came in almost perfectly in line with forecast, with year-on-year figures showing core inflation (CPIF ex energy) at 1.38%, CPIF (Riksbank target variable) at 1.71%, and CPI at 0.48%. See table to the right for further details.
This is the first time Statistics Sweden has published preliminary figures at a detailed level, and the monthly development since January is close to our forecast. Energy and core goods prices came in slightly lower, with energy prices at 1.2% and core goods prices at 0.3%, compared to the forecasted 1.45% and 0.45%, respectively. Food prices, however, were slightly higher than anticipated at 0.4%, compared to the expected 0.3%. Statistics Sweden has noted that revisions between the flash estimates and the final figures are likely to be larger for the detailed breakdowns than at the aggregated level. Specifically, figures for clothing and footwear, as well as recreation, sports, and culture.
Author
Danske Research Team
Danske Bank A/S
Research is part of Danske Bank Markets and operate as Danske Bank's research department. The department monitors financial markets and economic trends of relevance to Danske Bank Markets and its clients.
