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Ahead of tomorrow's CPI release from.........>

SWEDEN: Ahead of tomorrow's CPI release from Sweden (0830GMT) analysts at Danske
note January inflation is driven by sales in several price categories such as
clothing, furniture and electronics but also strong gains in energy due to a
combo of commodity price gains and tax/grid fee increases. Although both Norway
and Denmark surprised on the downside, Danske find it hard to identify a strong
case for similar effects on Sweden. Their January forecasts for CPIF and CPIF
excluding energy are spot on the Riksbank's.
-Nordea see CPIF inflation at 1.8% in January, down from 1.9% in December, just
below the Riksbank's view. Their call for January inflation is 0.1% point lower
than the Riksbank's forecast for headline CPIF but in line with the bank's view
with energy excluded.
-TD Securities look for CPIF to come in below the Riksbank's Feb MPR forecast of
1.9% y/y, suggesting further downgrades to 2018 inflation forecasts at the April
MPR, which should justify pushing rate hikes back to Q4 2018. 

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