Sweden Core Inflation Trails Forecasts, Adding Rate Cut Bets

Sweden’s underlying inflation accelerated less than expected last month, likely feeding expectations that the Riksbank will resume easing from next month to aid the sluggish economy.

A measure of annual price increases excluding energy edged up to 3.1% in April from 3.0% in the preceding two months, according to a preliminary estimate published by Statistics Sweden. That was the fastest pace in 14 months, but fell short of the 3.2% median estimate in a Bloomberg survey of analysts, which matched the Riksbank’s projection.