Sweden CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Riksbank watches when setting interest rates.
Actual
6.5%
Forecast
6.6%
Previous
6.5%
Source: Statistics Sweden. Figures as released; revisions appear in the next print.
Sweden Inflation Rate (CPI) for October 2023 came in at 6.5% versus 6.6% expected (previous 6.5%), below forecast, which was negative for the SEK.
What it meant for the SEK
The actual landed below the 6.6% forecast (0.1 below expectations). A reading above forecast is generally bullish for the SEK, and below forecast bearish. On this release the read was negative for the SEK.
New to this release? See what Sweden Inflation Rate (CPI) measures, the next release and its full history.