Sweden's inflation expectations edge up, June CPIF expected to reach 1.7%

(1) According to a June survey by ORIGO Group, participants in the Swedish money market expect the June CPIF (Consumer Price Index with fixed interest rate) inflation rate to be 1.7%, up from 1.6% in May. (2) All respondents expect inflation over the next 12 months to be 1.7%, higher than the 1.6% recorded in the March survey. (3) The inflation expectation for the next five years is 2.1%, also higher than the 2.0% in the March survey, reflecting a modest upward revision of market expectations for medium- to long-term price trends.