Sweden

Sweden’s inflation data remained very weak in April, reinforcing the picture of subdued price pressures.

CPI (MoM, Apr): -0.6%
Expected: -0.6%
Previous: -0.6%

CPI (YoY, Apr): -0.1%
Expected: -0.1%
Previous: -0.2%
Sweden’s central bank kept its benchmark interest rate unchanged at 1.75%, in line with expectations and unchanged from the previous meeting.
Sweden’s trade balance posted a surplus of SEK 9.30 billion in March, sharply higher than the previous SEK 0.70 billion.
Sweden’s unemployment rate rose to 9.7% in March, up from 8.8% in the previous period, signaling a noticeable weakening in labor market conditions.
Sweden’s March inflation data came in broadly in line with expectations, but signals easing price pressures on a monthly basis.

Annual CPI held at 0.5% YoY, matching the previous reading of 0.5%. This indicates inflation remains very subdued and stable at low levels.

On a monthly basis, CPI declined -0.6%, in line with expectations and a sharp reversal from the previous +0.6%. This points to a clear cooling in short-term price dynamics.
Sweden’s inflation data showed a mixed picture in March, with modest annual pressure but a sharp monthly decline.

The CPI YoY Sweden rose slightly to 0.6% from 0.5%, indicating still subdued annual inflation.

However, the CPI MoM Sweden fell -0.6%, reversing the previous +0.6% increase.
Sweden’s trade balance posted a surplus of SEK 1.80 billion in February, down significantly from SEK 6.30 billion in the previous month.
Sweden’s producer prices showed a mixed trend in February, with monthly growth slowing sharply while annual deflation eased.

PPI rose 0.2% month-on-month, down significantly from 2.4% in the previous period, indicating a loss of short-term price momentum. Meanwhile, PPI declined 1.7% year-on-year, compared to a 2.0% drop previously, suggesting a slight moderation in producer-level deflation.
Sweden’s economic sentiment weakened in March, with both consumer and business confidence declining compared to the previous month.

Consumer Confidence fell to 95.2 from 96.3, indicating slightly lower household optimism. Meanwhile, Business Confidence dropped to 102.3 from 104.7, pointing to reduced confidence among companies.
Sweden’s central bank held its policy rate steady at 1.75%, in line with expectations and unchanged from the previous level.
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