Inflation & Prices
Swedish Inflation Slows, Reducing Rate-Hike Pressure
- Food prices fall on month for the first time since late 2021
- Rate hike in June less likely after April reading, Nordea says
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Swedish underlying inflation eased further from its fastest pace in three decades, as moderating food prices brought relief to the country’s central bank, which is planning to dial back the pace of tightening.
A price measure that strips out energy costs and the effect of interest-rate changes rose 8.4% from a year earlier in April, according to data published by Statistics Sweden on Monday. That was lower than the median estimate of 8.7% in a Bloomberg survey as well as the 8.6% expected by the central bank.