Swedish headline 2.8% in June, final Statistics Office data shows
Tweet
Share
E-mail
FILE PHOTO: People with bicycles pass by an outdoor restaurant on a street in the Sodermalm neighborhood of Stockholm, Sweden, August 20, 2020. Fredrik Sandberg/TT News Agency/via REUTERS/File Photo
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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Kenyans march to mark anniversary of deadly 2024 anti-government protests
- Cambodia Supreme Court upholds jail sentences for two journalists accused of revealing military secrets
- Spain's industrial prices rise at fastest pace in more than three years
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
