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Investing.com -- Swedish headline consumer prices increased by 0.5% in June compared to May, and rose 2.9% from the same month last year, according to flash figures released Monday by the statistics office (SCB).
When excluding volatile energy prices, inflation stood at 3.3% compared to June 2024.
The Swedish central bank, Riksbank, targets a 2% headline inflation rate.
The Riksbank had forecast June headline inflation at 2.4% compared to a year earlier.
It had also projected inflation excluding volatile energy prices at 2.9%.
The actual June inflation figures exceeded both the central bank’s target and its forecast.
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