Sweden Exchange Rate (SEK per USD, aop)

Consumer price inflation with a fixed interest rate (CPIF) slowed more than expected to a three-month low of 9.3% in January (December: 10.2%). Conversely, core inflation soared to 8.7%, the highest level since November 1991. Price pressures should gradually moderate further this year but will remain well above the Riksbank’s 2.0% target. Currency volatility is a risk.