Swedish Krona Gains as Inflation Remains Stable

The Swedish krona rose today after the report that showed inflation remained stable in Sweden last month.

Statistics Sweden reported that the Consumer Price Index with a fixed interest rate rose 1.7% in February year-on-year, the same as in January, and 0.7% month-over-month. The biggest contributors to the gain were higher prices from clothing, package holidays, transport services, and energy. The Harmonised Index of Consumer Prices was up 1.6% in February year-on-year, also the same as in January, and 0.8% month-over-month.

USD/SEK slipped from 8.2131 to 8.2025 as of 11:30 GMT today. EUR/SEK dipped from 10.1779 to 10.1497.

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