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SWEDEN: Higher-than-expected Flash Inflation Too Late To Influence Riksbank

SWEDEN
CEEMEABulletSwedenGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Swedish flash October inflation was 2.1% Y/Y (vs 2.0% cons and prior; 1.8% Riksbank). This was the second consecutive month that underlying inflation has been above the Riksbank’s September MPR projection. The data will not have come in time to influence today’s Riksbank decision, but will be an input into the December decision and projection round.

  • Headline CPIF was 1.5% Y/Y (vs 1.3% cons, 1.1% prior and 1.1% Riksbank). Analysts had expected an uptick on the back of higher electricity prices.
  • No details are provided in the flash release, with the final print due next Thursday.
  • A 50bp is widely expected at today’s Riksbank decision (0830GMT/0930CET). MNI’s preview is here.
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Swedish flash October inflation was 2.1% Y/Y (vs 2.0% cons and prior; 1.8% Riksbank). This was the second consecutive month that underlying inflation has been above the Riksbank’s September MPR projection. The data will not have come in time to influence today’s Riksbank decision, but will be an input into the December decision and projection round.

  • Headline CPIF was 1.5% Y/Y (vs 1.3% cons, 1.1% prior and 1.1% Riksbank). Analysts had expected an uptick on the back of higher electricity prices.
  • No details are provided in the flash release, with the final print due next Thursday.
  • A 50bp is widely expected at today’s Riksbank decision (0830GMT/0930CET). MNI’s preview is here.