Inflation fell in April. According to new figures from Statistics Sweden, the inflation rate according to the measure CPI is 10.5 percent.
– This is good news, says Alexandra Stråberg, Chief Economist, Länsförsäkringar.
Inflation in April according to the CPI measure fell to 10.5 percent. This is shown by new figures from Statistics Norway, SBC, which were presented on Monday. In March, the figure was 10.6 percent.
– Food prices fell for the first time since November 2021, which contributed to the rate of inflation falling in April, says Caroline Neander, price statistician at Statistics Norway in a press release.
Unexpectedly weak price increase
Analysts had expected inflation in April to be unchanged, TT reports. But price increases in April were unexpectedly weak, even when compared with price levels the month before.
This could mean that the Riksbank skips an interest rate increase in June.
– This is good news and it actually means that the Riksbank will possibly wait with the interest rate increase in June. But we’ll see how it turns out with future outcomes, says Alexandra Stråberg, Chief Economist, Länsförsäkringar.
Compared to March, consumer prices rose by 0.5 percent in April, against 0.6 percent in March and expected 0.6 percent. But most of this price increase is interest rate effects. If interest is removed, prices rose in March by 0.2 percent, which can be compared with an average forecast of 0.5 percent.