Sweden's Harmonized CPI (HICP) y/y reflects a change in the prices of a consumer basket of goods and services intended for the final household consumption in the given month compared to the same month of the previous year. The data is collected according to common European rules and is harmonized across Europe. This approach enables the compatibility of the the index in different European countries
Higher than expected HICP m/m figures are usually seen as positive for the Swedish krona quotes.