The crown strengthened after the surprise inflation figures

Consumer prices lay still between June and July. The rate of inflation – the price changes on an annual basis – is plus 2.4 per cent. Analysts had forecast an even higher rate of inflation (2.1 per cent). In June, the low the rate of inflation at 1.9 per cent, the figures from Statistics sweden (SCB). Inflation in July was also higher than the Riksbank’s forecast.

The krona strengthened about 5 penny against the dollar as euro, at the 8:09 and 9:50, after a higher CPI outcomes than expected for July.

Higher prices for package holidays and air travel were the main causes to the rise, in line with what analysts flagged.

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