STOCKHOLM (Reuters) -Swedish headline consumer prices rose 0.5% in June from the previous month and were up 2.8% from the same month a year earlier, final figures from the statistics office (SCB)
Swedish headline 2.8% in June, final Statistics Office data shows
STOCKHOLM (Reuters) -Swedish headline consumer prices rose 0.5% in June from the previous month and were up 2.8% from the same month a year earlier, final figures from the statistics office (SCB) showed on Monday.
Stripping out volatile energy prices, a measure the Riksbank is looking at closely, inflation was 3.3% compared to June 2024.
The central bank targets 2 percent CPIF inflation.
Analysts had forecast headline inflation of 2.9% year-year-on-year and 3.3% stripping out energy prices, in line with flash figures released last week.
Flash inflation had come in well above forecasts by both the Riksbank and analysts, casting doubt on whether the central bank will cut rates again this year.
Cutting to 2.00% in June, the Riksbank said the outlook for inflation meant it might be possible to ease policy again before the end of the year to boost stalled growth.
(Reporting by Simon Johnson, editing by Louise Rasmussen)
