Revised Forecast After May

SEB has revised its near-term core inflation forecast for Sweden upward following May's CPIF ex energy figures, which came in higher than expected due to service price volatility.

Key Takeaways

• 1.CPIF ex energy inflation exceeded expectations in May following an April downside surprise, largely driven by volatile package holiday pricing.
• 2.Near-term forecasts for Swedish core inflation have been revised slightly upward due to higher-than-expected service price pressure.

Table of Contents

• Revised forecast after May