Sweden's core inflation rate has exceeded the Riksbank's target of 2%, reaching 2.1% according to an initial estimate from Statistics Sweden. This preliminary reading coincides with the central bank's upcoming announcement regarding its next easing move, indicating a potential shift in monetary policy due to increasing price pressures.
The rise in core inflation, which excludes energy prices, surpassed the median expectation of 2% set by economists surveyed by Bloomberg. This development may impact the Riksbank's future decisions as it addresses the challenges of maintaining price stability in the current economic climate.