Analysts at Danske Bank are expecting that Sweden’s June CPIF inflation to slow considerably to 1.6% y/y, down from 2.1% y/y in May.

• “This is in line with the Riksbank's forecast. In our forecast, this is largely an energy effect, with both fuel and electricity falling sharply and pulling down CPIF by 0.15pp each. However, we differ from the Riksbank in the composition: we expect an unchanged print for CPIF excluding Energy (1.7% y/y), whereas the Riksbank expects a slight increase to 1.8% y/y.”