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Headline CPIF below expectations but ex-energy higher than expected

SWEDEN
  • Like in last month's data we see the headline CPIF come in below expectations and ex energy come in higher than expected. However, unlike last month it is only a small downside surprise on headline and a large upside surprise to ex energy.
  • EURSEK moves are relatively limited: It immediately spiked from 11.1655 to a low of 11.1438 but has retraced around half of that move at the time of writing.
  • The Minutes of the Riksbank's February meeting are due at 8:30GMT / 9:30CET.
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