CPI m/m (SEK) comes in at -0.3% against 0.9% consensus - ForexCracked
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Event recap SEK

CPI m/m (SEK) comes in at -0.3% against 0.9% consensus

Published Aug 13, 06:32 UTC
Impact
4/ 10, low

The Swedish Consumer Price Index month over month, CPI m/m (SEK), was released today at 06:02 UTC. The actual figure came in at -0.3%. This was significantly below the market consensus expectation of 0.9%. The print also marked a decrease from the previous month’s reading of 0.4%. The surprise against consensus was -133.3%.

Following the release, the USDSEK pair saw an upward movement. Five minutes after the data, USDSEK was up 23 pips. This upward trend continued, with the pair trading 82 pips higher 15 minutes after the release. Historically, the median 1-hour move for USDSEK after similar releases has been 139 pips. Top-quarter releases have seen moves of 153 pips or more. The measured move so far is smaller than the typical median 1-hour movement observed after past releases. These historical figures are based on two releases since 2015. Directional reliability statistics are not yet available for this event.

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