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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SWEDEN
MNI (London)
SWEDEN MAR CPIF +0.4% M/M (FCST +0.7%); FEB +0.9% M/M
SWEDEN MAR CPIF +8.0% Y/Y (FCST +8.3%); FEB +9.4% Y/Y
- Swedish headline inflation slowed more sharply than expected in March, easing by 1.4pp for both CPI and CPIF (fixed interest rate) to +10.6% y/y and +8.0% y/y respectively. Despite lower than market expectations, for CPIF this remains higher than the Riskbank's forecasts.
- Short-term price pressures were softer in March at +0.6% m/m (CPI) and +0.4% m/m (CPIF), albeit remaining expansive.
- Declining energy prices was the key downwards driver in March, whilst food, clothes and rents slowed on the month.
- The Riksbank’s closely watched CPIF print cooled by 0.4pp to +8.9% y/y when excluding energy (0.2pp lower than consensus), coming off the February high yet remaining elevated at over 30-year highs.
- Despite showing positive signs of easing, Swedish inflation remains high and core sticky, making 50bp hike at the April 26 meet a firm contender.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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