Sweden Consumer Prices Decline In August

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Thursday, the Statistics Sweden announced that the consumer price index or CPI dropped 0.8% year-on-year in August, compared to the 0.9% fall in the previous month. Economists were looking for a decline of 1%.

On a monthly basis, the CPI increased 0.2% in August, marking the same pace as a year ago. Economists expected a decline of 0.1%.

The CPIX increased 1.5% annually in August, faster than the 1.3% growth seen in the previous month. The CPIX was up 0.2%.

Meanwhile, the harmonized index of consumer prices or HICP rose 1.9% year-on-year in August and it was up 0.2% compared to the preceding month.

Thursday, the Statistics Sweden announced that the consumer price index or CPI dropped 0.8% year-on-year in August, compared to the 0.9% fall in the previous month. Economists were looking for a decline of 1%. (Market News Provided by RTTNews)