Sweden's Core Inflation Slows to Five-Month Low, Backing Easing
Sweden's underlying inflation rate fell to a five-month low, broadly in line with expectations and strengthening the case for the Riksbank to reduce interest rates later this month.
A measure of annual price increases excluding energy declined to 2.5% in May, down from 3.1% in April, according to a preliminary estimate published by Statistics Sweden on Thursday. The median estimate in a Bloomberg survey of analysts was 2.6%, just below the Riksbank's 2.7% projection.
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