Sweden: CPI to slip further in February - TDS

Analysts at TDS are looking for Sweden’s CPIF to slip further in February to just 1.6% y/y (mkt 1.7%), which is considerably below the Riksbank's forecast from the February MPR of 1.85%.

Key Quotes

“Behind the headline, we look for "core CPI" (CPIF ex-food and energy) to hold steady at 1.1% y/y, but for more downside to come from food prices (as we saw in the EZ) and energy prices, after the drop in crude oil prices from their January peak. Early tracking also has us sitting below the Riksbank's forecast from the Feb MPR for the March data, so altogether the three months of lower than expected inflation prints are setting up for a more dovish Riksbank in April.”