Sweden's annual inflation remained unchanged in August, defying economists' forecast for a modest increase, data released by Statistics Sweden showed Thursday.
Consumer price Inflation remained unchanged at 0.7 percent in August, while economists expected it to rise to 0.9 percent.
On a monthly basis, the consumer price index edged up 0.1 percent in August. Economists were looking for a 0.3 percent gain.
Core inflation also remained stable during the month. At 0.9 percent, core inflation was slightly below 1.1 percent economists had forecast. Compared to July, core consumer prices moved up 0.1 percent in August, slower than the expected 0.3 percent
At the same time, the harmonized index of consumer prices (HICP), measured under the EU methodology, rose 0.9 percent year-on-year in August, and moved up 0.1 percent compared to July, the agency said.
by RTT Staff Writer
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