Sweden's CPI came in flat for December—0.0% month-over-month, which is honestly a bit of a surprise. Consensus was betting on 0.2%, but we got a miss there. What's interesting? Last month it was -0.4%, so we've swung from deflation to neutral territory. Could mean price pressures are cooling down, or it's just noise. Either way, this kind of data matters if you're thinking about how central banks might react on rate decisions. Softer inflation readings usually don't scream for rate hikes.

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