Riksbank’s Flodén says inflationary pressures are too high
Weak krona may explain higher price increases, says deputy governor
Inflationary pressures in Sweden remain too high, Sveriges Riksbank deputy governor Martin Flodén said in a speech today (October 19).
Last month, the consumer price index with fixed interest rate (CPIF) increased year on year by 4%, down from 4.7% in August. The central bank’s target is 2%.
Nonetheless, “the rapid decline is largely driven by energy prices being considerably lower than last year”, Flodén pointed out. “When energy prices are excluded, inflation was 6.9% in September.”
At its
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