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Sweden's consumer price index for June increased 0.7 percent from a year earlier. Month-over-month and core measures also aligned exactly with forecasts.
news.google.comSweden's consumer price index rose 0.7 percent year over year in June, matching both the estimate and the previous reading, @LiveSquawk reported. The month-over-month increase reached 0.4 percent, again in line with projections. The CPIF measure, which strips out certain interest costs, advanced 1.3 percent annually and 0.3 percent from the prior month.
Excluding energy, the CPIF posted a 0.4 percent year-over-year gain and a 0.6 percent monthly increase. Every indicator released matched analyst expectations without deviation.
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Kevin Warsh appeared before the House Financial Services Committee on Tuesday. The June CPI showed its largest one-month decline since 2020, shifting market odds toward a rate hold at the July 29 meeting.
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forbes.comThe Bank of Canada stated that near-term inflation expectations remain sensitive to gasoline price changes while longer-term expectations stay anchored. It noted signs of economic improvement and broadening growth sources. The central bank has dropped its reference to consecutive…