In July, inflation, as measured by the CPIF (Consumer Price Index with Fixed Interest), increased from 1.3% to 1.7%, according to Statistics Sweden. This measure excludes the effects of mortgage rates. Despite this rise, inflation remains below the Riksbank's target of 2% and is lower than the Riksbank's July forecast of 1.8%.
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The current inflation figures are encouraging as they stay within the desired range, leading to expectations that the key interest rate may be lowered next week.
While the overall inflation rate showed a modest increase, it remained under control, thanks to declines in specific categories. Furniture prices, for example, went down -3,6% in this month. The rise in prices in other sectors suggests a mixed inflationary picture, prompting speculation about potential monetary policy adjustments.
Source: www.ehandel.se