Sweden CPI Turns Negative in April as CPIF Misses Forecasts
Sweden's April inflation readings came in below forecasts across headline and underlying measures. CPI fell 0.1% from a year earlier, versus an expected 0.4% rise and after 0.5% in March, while CPIF slowed to 0.8% from 1.6%, missing a 1.2% estimate.
On a monthly basis, both CPI and CPIF dropped 0.6% in April, steeper than the expected declines of 0.2% and 0.1%, respectively. CPIF excluding energy was unchanged from a year earlier, compared with an expected 0.4% increase and 1.1% in March.
From the sources (8 posts)
@firstsquawkSweden CPIF (Y/Y): 0.8% (est 1.2%; prev 1.6%)
@firstsquawkSweden CPIF Ex Energy (Y/Y): 0.0% (est 0.4%; prev 1.1%)
@firstsquawkSweden CPI (Y/Y) Apr P: -0.1% (est 0.4%; prev 0.5%)
@firstsquawkSweden CPI (M/M): -0.6% (est -0.2%; prev -0.6%)
@firstsquawkSweden CPIF Ex Energy (M/M): -0.6% (est -0.3%; prev -0.3%)
@firstsquawkSweden CPIF (M/M): -0.6% (est -0.1%; prev -0.6%)
@bulletin_nuInflationstakten i Sverige hamnar under noll i april, enligt en snabbmätning från Statistiska centralbyrån.
@beckmansasikterInflationen enligt måttet KPIF sjönk till 0,8 procent i april, ner från 1,6 procent i mars, visar preliminära siffror från SCB.