❗️ Inflation Peaks In G10 Countries Except Sweden: Cable FX Macro

• We have recently seen inflation figures from a number of G10 countries showing signs of peaking as they extend slowdown. Eurozone and U.S. inflation are now off their highs and their monthly figures post deflationary prints

• Headline inflation in Sweden is diverging from the group as it extended for another month to post a double-digit print. Consumer prices expanded at 12.3% vs the estimate of 12.0% Y/y, CPIF rises by 10.2% vs the estimate of 9.8% Y/y

• December Swedish prices showed housing and utilities rising faster than previous at 6.4% M/m. Transport prices saw declines, while all other components posted gains