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Swedish inflation jumped to 2.5% in April from 1.9% in March on the Riksbank's preferred target CPIF (fixed interest rate) measure, with Statistics Sweden stating that it was largely a result of base effects, reflecting the very sharp drop last April as the Covid pandemic hit.
The Riksbank's latest Monetary Policy Report assumed that inflation would nudge higher this year but stay below the 2.0% target, averaging 1.5% y/y in 2021