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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 FEB CPIF +0.9% M/M, +9.4% Y/Y (FCST ); JAN +9.3% Y/Y
SWEDEN FEB CPIF EX ENERGY +9.3% Y/Y (FCST +8.7%); JAN +8.7% Y/Y
- Swedish inflation surprised to the upside in February, with the Riksbank's closely-watched CPIF (ex. direct effects of monetary policy) accelerated by +0.9% m/m, rising 0.1pp to +9.4% y/y against expectations of a 0.1pp slowdown.
- Of concern will be the substantial 0.6pp uptick in CPIF excluding energy, which jumped to +9.3% y/y in February.
- Underpinning today's acceleration were higher food prices, which jumped +2.8% m/m as well as marked increases across package holidays (+12.5% m/m), accommodation services (+5.1%) clothing (+4.7%), furniture (+3.7%) and transport (+2.9%).
- This data comes ahead of the Riksbank's April 26 meeting, for which both a 25bp and 50bp hike are on the table.
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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