Free Trial
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 MAY PPI -1.7% M/M; -2.1% Y/Y; APR +1.3% Y/Y
- Swedish factory-gate inflation dipped into contraction at -2.1% y/y in May, decelerating 3.4pp from the April rate to the lowest reading since December 2020.
- Prices declined by -1.7% m/m, falling for a fifth consecutive month.
- Energy-related goods accounted for the bulk of downside pressure, alongside fuel, metals, heating and paper products.
- Despite the substantial deceleration in PPI, Swedish CPI remains elevated. Sticky service prices have underpinned continued strength in CPIF ex. energy, which surprised to the upside in the May data, easing by only 0.2pp to +8.2% y/y.
- Markets are looking for the Swedish Riskbank’s meeting on Thursday to deliver a 25bp hike to 3.75% in a further step to curb inflation and Krona weakness. An outside chance of a 50bp exists, yet precommitment to a September hike remains unlikely.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok