Sweden's December inflation data is out, with the month-on-month increase remaining at a low 0%. Year-over-year, the annual CPI rose by only 0.3%, in line with expectations, continuing a mild trend. The core CPI excluding energy is more indicative: up 2.1% year-over-year and 0.1% month-over-month, both in line with expectations. Notably, the core inflation rate excluding energy, CPIF Ex Energy, reached 2.3% year-over-year and 0.3% month-over-month, indicating a slight uptick in pressure on goods and services. Overall, inflation in the Nordic economies remains within a mild range, leaving room for central bank policy adjustments.