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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
Although seasonally adjusted CPIF ex-energy inflation was a strong 0.45% M/M in May (the highest sequential reading since July 2023), we don’t place too much weight on the figure due to the aforementioned one-off effects at play.
- The Eurovision Song Contest and Taylor Swift concerts are not seasonal events, and so would not be accounted for in seasonal adjustment calculations.
- As such, we think the Riksbank will look through the increase in inflation momentum this month, and expect a reversal in the months ahead.
- Elsewhere, inflation breadth improved a touch in May, with 41% of components registering inflation rates below 2% Y/Y (vs 39% prior).
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.
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