off-the-wire

UPDATE 1-Swedish 5-year inflation expectations fall in March

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds detail, background) STOCKHOLM, March 16 (Reuters) - Long-term inflation expectations among financial and business groups in Sweden fell in March, a poll commissioned by the central bank showed on Thursday. Inflation measured with a fixed interest rate five years ahead, the horizon watched most closely by the central bank, was seen at 2.2% versus 2.3% three months earlier.


Inflation expectations close to the 2% target have been one of few bright spots for the Riksbank as it is struggling to force down unexpectedly high consumer prices. It has raised interest rates to 3%, with more hikes expected, from zero a year ago.


This week,


annual headline inflation came in at 9.4% , in line with the Riksbank's forecast in February. But underlying price pressures - stripping out volatile energy prices - jumped to 9.3% year-on-year from 8.7% in the previous month.


In one year, CPIF inflation was seen at 4.8%, the poll by Kantar Sifo Prospera showed. Looking only at money market players, CPIF inflation was seen at 4.8% in one year and at 2.2% five years ahead, the survey showed.
(Reporting by Johan Ahlander; editing by Niklas Pollard)

Messaging: johan.ahlander.reuters.com@reuters.net))
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