Sweden: CPIF to remain unchanged at 2.0% - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS are in line with the Riksbank in looking for CPIF to remain unchanged at 2.0% y/y in December (mkt 1.9%), making for two months in a row right on top of the Riksbank’s target.

Key Quotes

“We look for a bit of a boost from packaged holidays again, but that impact will net out to zero on the y/y rate from January onwards as the larger m/m swings in prices will now be built into base effects. The impact has already diminished almost entirely in Q4, after holiday prices were adding up to 0.4ppts to y/y CPIF at their peak in July. CPIF ex-holidays has been fairly steady between 1.8-2.1% y/y since July, which supports the Riksbank’s increasing confidence that the inflation battle has been won.”

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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