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SWEDEN: Inflation Momentum Eases In August

SWEDEN
CEEMEABulletSwedenGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

The August CPI report saw favourable developments in core inflation momentum, consistent with the Riksbank’s view that inflationary pressures have normalised and risks to the upside have fallen. 

  • Inflation rose 0.13% M/M on a seasonally adjusted basis, a rate below the Riksbank’s 2% target on an annualised basis.
  • This helped inflation momentum – measured as a 3m/3m seasonally adjusted annualised rate – ease to 2.31%. This level is below the sub-2% readings seen through March – May this year, but a step down from July’s 2.77%.
  • The chart below indicates that annualised seasonally adjusted measures across various time horizons have tracked around the 2% level over the past few months.
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The August CPI report saw favourable developments in core inflation momentum, consistent with the Riksbank’s view that inflationary pressures have normalised and risks to the upside have fallen. 

  • Inflation rose 0.13% M/M on a seasonally adjusted basis, a rate below the Riksbank’s 2% target on an annualised basis.
  • This helped inflation momentum – measured as a 3m/3m seasonally adjusted annualised rate – ease to 2.31%. This level is below the sub-2% readings seen through March – May this year, but a step down from July’s 2.77%.
  • The chart below indicates that annualised seasonally adjusted measures across various time horizons have tracked around the 2% level over the past few months.