Sweden October Inflation Drops Below Forecasts

Statistics Sweden released preliminary data Thursday showing that inflation slowed more than forecast in October. The Riksbank's target measure, CPIF, fell to 1.1 percent from 1.5 percent in September.

Headline inflation, measured by the consumer price index, reached 0.9 percent on a yearly basis, missing the 1.2 percent forecast and falling from 1.1 percent in September. The monthly CPI change from September to October was 0.0 percent, compared to a forecast of 0.3 percent.

Additionally, CPIF excluding energy dropped to 0.1 percent from 0.5 percent in September, with a monthly change of -0.2 percent. Statistics Sweden reported that the CPIF monthly change for the period was also 0.0 percent.