Consumer price inflation in Sweden decelerated during June, according to a report by Swedish public broadcaster SR Ekot.
The development marks a continuation of the cooling trend observed across major European economies, providing further evidence that price pressures are easing in the region.
5%. The combination of stable Swiss prices and declining Swedish and eurozone inflation suggests a broad-based moderation in price growth across the continent.
The Swedish data arrives shortly after headline inflation in the eurozone, measured by the Harmonised Index of Consumer Prices (HICP), fell to 2.8% in June from 3.2% in May.
That figure came in below market consensus, signaling a more rapid deceleration than anticipated by traders and analysts.
In neighboring Switzerland, consumer prices remained flat month-on-month in June, with the annual inflation rate holding steady at 0.5%.
The combination of stable Swiss prices and declining Swedish and eurozone inflation suggests a broad-based moderation in price growth across the continent.