CPIF 0.1% point higher than expected, including the Riksbank’s view
- The main surprise seems to be ticket prices for foreign flights, as we saw a risk for
- Also food prices higher than expected (added 0.05% point while our call was unchanged)
- The outcome suggests that the Riksbank will not implement any further measures…
- …while a rate hike still is remote
Details, October:
CPI m/m: 0.1% (Nordea -0.03; consensus -0.1; prior 0.2)
CPI y/y: -0.1% (Nordea & consensus -0.2; Riksbank -0.2; prior -0.4)
CPIF m/m: 0.1% (Nordea & consensus 0.0; prior 0.2)
CPIF y/y: 0.6% (Nordea, consensus & Riksbank 0.5; prior 0.3)
Nordea