Sweden Inflation Eases More Than Expected as Riksbank Nears Peak
09/14/2023 14:29
Sweden’s core inflation rate declined more than expected in August, providing some relief to the country’s central bank as it prepares to unveil its next move in the battle to rein in price increases.
Sweden’s core inflation rate declined more than expected in August, providing some relief to the country’s central bank as it prepares to unveil its next move in the battle to rein in price increases.
A release from Statistics Sweden that offers a key data point to the Riksbank ahead of its rate-setting meeting next week showed that prices excluding energy and interest-rate changes rose by 7.2% from a year earlier. That was below than the 7.4% expected by economists in a Bloomberg survey.
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Sweden Inflation Eases More Than Expected as Rates Near Peak