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Financial News: Sweden Inflation At 3-1/2-year Low

Sweden Inflation At 3-1/2-year Low

03/12/2020 - 04:50:00 (RTTNews)

(RTTNews) - Sweden's consumer price inflation eased to the lowest in three-and-a-half years in February, data from Statistics Sweden showed on Thursday.

The consumer price index rose 1.0 percent year-on-year in February, after a 1.3 percent increase in January. Economists had expected the inflation to remain unchanged.

The latest inflation was the lowest since September 2016, when it was 0.9 percent.

On a month-on-month basis, consumer prices rose 0.5 percent in February, after a 1.4 percent fall in the preceding month. Economists had expected a 0.6 percent rise.

The CPI with fixed interest rate, or CPIF rose 1.0 percent annually in February, slower than 1.2 percent increase in the prior month. Economists had expected a 1.1 percent rise.

On a monthly basis, the CPIF increased 0.5 percent in February, after a 1.5 percent fall in the previous month. Economists had forecast a 0.4 percent rise.

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