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Financial News: Sweden Dec Inflation Slows More Than Expected

Sweden Dec Inflation Slows More Than Expected

01/12/2018 - 06:09:00 (RTTNews)

(RTTNews) - Sweden's consumer price inflation eased at a faster-than-expected pace in December, data from Statistics Sweden showed Friday.

Consumer prices climbed 1.7 percent year-over-year in December, slower than the 1.9 percent rise in November. Economists had expected the inflation to ease to 1.8 percent.

Month-on-month, consumer prices increased 0.4 percent from November, when it edged up by 0.2 percent.

The inflation rate according to the CPI with a fixed interest rate was 1.9 percent in December, down from 2.0 percent in November.

On a monthly basis, CPIF increased 0.4 percent at the end of the year.

The EU measure of inflation, or HICP increased at a slower rate of 1.7 percent yearly in December, following a 1.9 percent rise in the prior month.

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