External broker reports(aggregated public sources), Nordea

Nordea

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>CPIF ex energycame out at 2.3% y/y in June, 0.7 point lower than in May.</li><li>We and the Riksbank saw CPIF ex energy at 2.5%.Seasonally adjusted, the monthly change in core inflation came down substantially after the elevated May reading.</li><li>Electricity pricesrose by 3.0% m/m, in line with our call (3.1%).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

CPIF ex energycame out at 2.3% y/y in June, 0.7 point lower than in May.We and the Riksbank saw CPIF ex energy at 2.5%.Seasonally adjusted, the monthly change in core inflation came down substantially after the elevated May reading.Electricity pricesrose by 3.0% m/m, in line with our call (3.1%).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Swedish June inflation review:  Well below target