Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

MNI BRIEF: Swedish Inflation Jumps In April

LONDON (MNI)

Sweden sees inflation higher in April, above the Riksbank's 2021 year-average forecast.

True
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

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