Swedish inflation

 

Henrik Montgomery/TT  

Swedish inflation  

Bremen: Inflation hits households differently 

Everyone is negatively affected by today's high inflation, but at the same time there are large differences between the cost increases that different households face. This was said by Deputy Riksbank Governor Anna Breman during a panel debate on Wednesday.  

- For some households, inflation is significantly higher than the average inflation in Sweden. It is of utmost importance that inflation continues to fall, she said according to a summary on the Riksbank's website.  

Breman pointed out that households with small financial resources are hit the hardest, in part because they have less opportunity to exchange expensive goods for cheaper ones.  

Governor of the Riksbank Stefan Theéden Stefan Jerrevång/TT  

Analysis: The KI barometer gives the Riksbank a headache  

That household and business confidence in the future continues to fall, according to the KI barometer, is gloomy news for the Riksbank. 

It sends worrying inflation signals, writes DI's Nils Åkesson. "The Riksbank may therefore be forced to raise the interest rate not only in September but also in November, at the same time as unemployment picks up," he writes.  

Even Placeras Pekka Kääntä interprets the figures skeptically and believes that a technical recession is looming."What we at Placera think the members of the Riksbank's executive board should asthemselves is how deep into a recession can they imagine pushing the Swedish economy before they are satisfied?" he wonders.  

Tomas Oneborg / SvD / TT  

Analysis: Swedish economy is not a fun cocktail  

Larger and shorter loans, worse wage growth, sharply rising interest costs and a record low krone.  

There are several reasons why the Swedish economy is predicted to shrink more than that of our Nordic neighbors, according to SvD Näringsliv's Johan Carlström. 

"Not a fun cocktail," he states in an analysis.  

But there are glimmers of light, Carlström continues, pointing to the strong labor market, among other things.  

SVT's Alexander Norén is on the same line. As for the labor market in general, there is no panic, he says and emphasizes that employment actually increased in the second quarter.  

- It may be that employers preparing for the recession think: We can reduce overtime and the number of consulting hours, but we will not get rid of people. 

Martina Holmberg / TT  

Swedish growth 

KI: Households have an increasingly gloomy view of Sweden's economy 

Households' and businesses' confidence in the future continues to fall, the Institute of Economic Studies' barometer shows.  

The household confidence indicator decreased to 70.4 in August, compared to 72.5 in July.  

"The decline is explained by the fact that households' expectations of both their own economy, but above all, the view of Sweden's economy twelve months from now have become more pessimistic," writes KI.  

The overall barometer indicator retreated 2.5 points to 85.2, mainly due to weaker signals from the services sector. It is the lowest level since July 2020.