Inflation & Prices
Swedish Core Inflation Accelerates to Highest in Six Months
- Core inflation was 2.4% on year, in line with analyst views
- Data is unlikely to sway chances of another cut this month
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Sweden’s core inflation rate rose in November to its highest level in six months after the Riksbank decided to increase the pace of interest-rate cuts to support the ailing economy.
A measure of annual price increases that strips out energy increased to 2.4% last month, Statistics Sweden said on Thursday, citing a preliminary estimate. The outcome — the highest since May — was in line with the median estimate of analysts surveyed by Bloomberg, while the Riksbank’s projection was for a slowdown to 2%.