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CPIF due at 7:00BST / 8:00CET

SWEDEN
  • Swedish inflation is due to be released on the hour at 7:00BST / 8:00CET with the Bloomberg consensus looking for a slightly higher print than the Riksbank assumed in its last MPR.
  • The Riksbank had assumed that CPIF would fall to 7.88%Y/Y (consensus expects 8.0%Y/Y, previous 8.0%) and CPIF ex energy would fall to 8.63%Y/Y (consensus 8.7%, previous 8.9%).
  • Swedbank estimates that with food prices actually expected to fall, it will be a broader increase in prices and that will mean the data is "still problematically high for the Riksbank."

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