For the first time this year, food prices are now falling. A decline in inflation also gives the Swedish Central Bank further room to lower the interest rate, according to assessors.
BusinessThe average interest rate for variable-rate mortgages was 2.85 percent in August, shows a review from the comparison service Zmarta.
BusinessInflation in August rose to 3.3 percent according to the KPIF measure. But the underlying inflation is falling, shows SCB's new figures. The figures and assessments of where the interest rate is heading are diverging. This increases the likelihood of an interest rate cut, says Nordea's chief analyst Torbjörn Isaksson.
BusinessPackage tours and food pulled up the inflation in July. The new detailed price figures from SCB confirm the picture that an interest rate cut will be delayed. The big picture is that the inflation is clearly above the Swedish Central Bank's target, says Danske Bank's chief economist Susanne Spector.
BusinessHouseholds are in focus when the government presents its budget initiatives in September, predict several economists. They also expect the government to take drastic measures this time. This is, after all, the last budget before the election, says Jens Magnusson, chief economist at SEB.
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