Sweden: CPIF inflation figure likely to print 2.4% y/y - TDS

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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