A post by @FirstSquawk on X.
SWEDEN (OCT) CPIF EXCL. ENERGY YOY ACTUAL: 0.1% VS 0.5% PREVIOUS;EST 0.5%
@FirstSquawk on X
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Sweden's October CPIF inflation excluding energy rose just 0.1% year-over-year, down sharply from 0.5% in the prior reading and well below the 0.5% consensus estimate. The surprise deceleration marks a notable cooling in underlying price pressures for the economy. The miss against forecasts is likely to reinforce expectations that the Riksbank can keep policy accommodative or ease further. Traders will watch upcoming CPIF and wage data, along with Riksbank commentary, for confirmation that the slowdown is sustained rather than a one-off.
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