Sweden Inflation Slows
World Economy

Sweden Inflation Slows

Swedish inflation slowed more than estimated in May, adding pressure on the central bank to expand its unprecedented stimulus measures at its meeting next month. Consumer prices rose an annual 0.6% in May, compared with 0.8% the prior month, Statistics Sweden said in a statement Tuesday. The Riksbank and analysts surveyed by Bloomberg estimated inflation would slow to 0.7%. Adjusted for mortgage costs, inflation slowed to an annual 1.1% from 1.4%. The central bank in April eased up on the pace of stimulus and predicted it will meet its 2% inflation goal next year after years of below target price growth. Policy makers have cut rates deep below zero and unleashed a bond buying program to pump money into the economy to propel prices. The krona slid 0.4% to 9.34 per euro in Stockholm. According to Statistics Sweden, consumer prices rose a monthly 0.2% in May according to both measures, after staying unchanged the previous month.


Short URL : http://goo.gl/Kn0cUW
  1. http://goo.gl/bS7CaL
  • http://goo.gl/mRPxs7
  • http://goo.gl/mSs4ZE
  • http://goo.gl/EQrQvS
  • http://goo.gl/MHwEkA

You can also read ...

China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...