Free Trial

October CPI Preview – Another Sticky Services Print Could Sway Riksbank To Hike


Tues Nov 14 sees the release of the October CPI print – the final inflation release before the Riksbank’s last monetary policy meeting of the year on November 23.

  • September CPI was higher-than-expected by both consensus and the Riksbank. After missing September to the downside, sell-side analysts upwardly marked-to-market their October forecasts - suggesting that the Riksbank's forecast of September is stale.
  • Analysts note that energy price base effects will push the headline rate up, while core components should continue to moderate
  • Expect the SEK to be sensitive to the release given the Riksbank’s data-dependent stance and the close-call nature of next week’s meeting.
  • For more, please see our preview including a summary of sell-side views at the following link:

MNI Sweden October CPI Preview 2023-11-13.pdf

To read the full story



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.