Texas Roadhouse earnings missed by $0.05, revenue topped estimates
Investing.com -- Swedish inflation rates for May fell short of predictions, according to preliminary data released on Thursday.
This development has sparked expectations of a potential interest rate cut by the central bank in the upcoming months, given the current economic slowdown.
The Statistics Office (SCB) reported that headline consumer prices in Sweden increased by 0.1% in May compared to the previous month. This represents a 2.3% increase from the same month the previous year.
When excluding the fluctuations of energy prices, a factor that the Riksbank, Sweden’s central bank, is currently paying close attention to, inflation was reported at 2.5% for the year and 0.2% for the month.
The Riksbank’s inflation target is set at 2% for headline inflation. The May figures, being lower than this target, raise hopes for a potential reduction in interest rates by the central bank in the coming months.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.