Sweden: CPIF-inflation stood at 2.2% in July – Nordea Markets

Sandeep Kanihama FXStreet Contributor

Andreas Wallström, Research Analyst at Nordea Markets, notes that Sweden’s CPIF-inflation stood at 2.2% in July, well in line with expectations and the prices for services inflation declined.

Key Quotes

“Core inflation (CPIF ex energy) came in at 1.3%, which is 0.1% points below the Riksbank’s view.”

“Prices for services inflation, important for the Riksbank, declined somewhat further.”

“We forecast core inflation to gradually increase until reaching to 2.0% during spring 2019. This is fully in line with the Riksbank’s forecast.”

“Thereafter, however, we expect inflation to fall back to its historical average at 1.5% while the Riksbank sees inflation stabilizing at 2.0%.”

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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