FX.co ★ Sweden's CPIF Ex Energy MoM Surges to 0.30% in July 2024, Up from -0.10% in June

On August 14, 2024, updated data revealed a significant turnaround in Sweden's Consumer Price Index with fixed interest rates excluding energy (CPIF Ex Energy) for the month of July. The indicator rose to 0.30%, marking a stark contrast to the previous month's -0.10% recorded in June.

The month-over-month comparison showcases a notable recovery in the Swedish economy, which had experienced a decline in June. This positive movement in the CPIF Ex Energy suggests an improvement in the underlying inflation trends, excluding the volatile energy sector, which often distorts the overall economic outlook.

Economists and market watchers are now keenly analyzing the factors behind this uptick, while businesses and policymakers are expected to respond to this shift in the price index. The update provides a fresh perspective on Sweden's economic resilience as it navigates through fluctuating conditions.