Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Sweden's inflation drops to 1.3% in June, the lowest in 3 years

Sweden's inflation drops to 1.3% in June, the lowest in 3 years

Posted on July 18, 2024   |  

Sweden's inflation fell for the first time in 3 years to 1.3% in June, below the Riksbank's 2% target.

The CPI, excluding changes in household mortgage costs, showed inflation dropping from 2.3% in May to 1.3% in June.

June's inflation decrease was influenced by lower prices for clothing, hotel stays, and recreational and cultural services.

This is the first time since September 2021 that inflation is below the Riksbank's 2% target.

The Riksbank may consider lowering interest rates in August and possibly again in the autumn due to the lower inflation rate.

Economic uncertainties like the pandemic, the Ukraine war, and the Gaza conflict affect inflation.

The overall CPI, including higher interest costs, showed inflation falling to 2.6% in June from 3.7% in May.



Previous Next