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 JAN CPIF -1.3% M/M (FCST -1.2%); DEC +1.9% M/M
SWEDEN JAN CPIF +9.3% Y/Y (FCST +9.5%); DEC +10.2% Y/Y
- The Riksbank’s closely watched CPIF rate (based on fixed interest rates) fell by -1.3% m/m, 0.1pp lower than expected, cooling by 0.9pp to +9.3% y/y in January, 0.2pp lower than expected.
- Falling electricity prices were the key downwards driver (-27.2% m/m) in January, with further downwards contribution from clothing (-8.5%), furniture (-2.0%) and transport (-0.2%).
- Yet prices across hotels and restaruants offset these, up +0.1% m/m and contributing 0.3pp to the monthly change.
- This alongside the the 0.11pp added to the monthly change due to reweighting largely explains the +0.4% m/m rise in CPIF ex energy, a beat on the -0.2% m/m expected.
- The February Riksbank meeting’s rate path indicated around a 30% probability of a larger 50bp April hike, this data is a hawkish development.
- Focus now turns towards the Riksbank's February minutes, due at 8:30GMT / 9:30CET.
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