Sweden: CPIF inflation prints 2.0% in March – Nordea Markets

Andreas Wallström, Research Analyst at Nordea Markets, notes that Sweden’s CPIF-inflation stood at 2.0% in March, well in line with their and the Riksbank’s forecast.

Key Quotes

“CPIF ex energy came in at 1.54%, which is 0.3% points below the Riksbank’s view.”

“Our forecast of core inflation for 2018 and 2019 remain below the Riksbank’s ditto. In our view this, coupled with lower GDP growth and continued uncertainty related to the housing market, will keep the Riksbank side-lined at least throughout 2018.”