2.18.2024

Let's hope for better numbers

Tomorrow, the Swedish inflation rate for January 2024 will be announced.

Expectations for the consumer price index (CPI) for January 2024 at the Swedish major banks vary between 3% and 5.4%. This compares with the CPI for December 2023 which was 4.4%.

Hopefully inflation has fallen further but personally I think the CPI for January 2024 will land at 4.8%.

The Swedish central bank AKA Riksbanken would have to lower the Swedish key interest rate to make it easier for the Swedish borrowers and try to stimulate the Swedish economy. However, the US inflation rate announced on February 13, 2024 put an end to that hope.

I really hope the March 12, 2024 announcement is better than the February 13, 2024 announcement. Riksbanken is stuck in the foxhole together with the American CPI.

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