Analysts at TD Securities explains that Sweden’s December inflation report came out largely in line with expectations, with a slight upside surprise for headline CPIF at 2.2% y/y.
“The CPIF ex-energy component came in at 1.5% y/y, but both in line with the Riksbank's recent forecasts. Looking through the details, package holidays, food, and home furnishings saw strong monthly gains, while communications prices continue to drag.”
“Given the next Riksbank hike is unlikely until the second half of the year, they'll take comfort in today's data, but hope to see continued constructive inflation figures through the next 6-9 months.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.