Sweden Core Inflation Surprises With Smaller-Than-Expected Gain
Sweden's underlying inflation accelerated less than expected last month, likely feeding expectations that the Riksbank will resume easing to aid the sluggish economy.
A measure of annual price increases excluding energy edged up to 3.1% in April from 3.0% in the preceding two months, according to a preliminary estimate published by Statistics Sweden. That was the fastest pace in 14 months, but fell short of the 3.2% median estimate in a Bloomberg survey of analysts, which matched the Riksbank's projection.
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