Sweden: CPI inflation likely to slip to 1.6% in December – TDS

Analysts at TD Securities are looking for Sweden’s CPIF ex-energy to slip to 1.6% YoY in December (market 1.7%, Riksbank 1.8%), with a bit of extra downward pressure from Black Friday sales, which may not have been captured in the November data given how late they fell in the month.

Key Quotes

“Upward pressure from gasoline prices through should leave CPIF unchanged from the prior month at 1.7% y/y, in line with the Riksbank’s December forecast and consensus.”