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Financial News: Sweden Inflation Slows In February

Sweden Inflation Slows In February

03/15/2021 - 07:17:00 (RTTNews)

(RTTNews) - Sweden's consumer price inflation eased in February, figures from Statistics Sweden showed on Monday.

The consumer price index rose 1.4 percent annually in February, after a 1.6 percent increase in January. Economists had expected a 1.6 percent rise.

On a month-on-month basis, consumer prices rose 0.3 percent in February, after a 0.4 percent decline in the previous month. Economists had expected a 0.4 percent fall.

Inflation, based on the CPI with fixed interest rate or CPIF, eased to 1.5 percent in February from 1.7 percent in the preceding month.

On a monthly basis, the CPIF increased 0.3 percent in February, reversing a 0.3 percent fall in the prior month.

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