Economy

Swedish Krona strengthens : The Swedish Krona has risen against the dollar and euro, with experts attributing the strengthening to the market's perception that the currency is undervalued. Lower inflation in the US also reduces the likelihood of further interest rate hikes, which could be another factor behind the Krona's recent strengthening.

Interest rates to rise : Inflation in Sweden is declining but not as quickly as expected, leading to predictions of further interest rate hikes by the Riksbank. The inflation rate stands at 9.3 percent, with a worrying 8.1 percent excluding energy. The weak currency is contributing to imported inflation and households and businesses are advised to prepare for more rate hikes.

Stabilizing food prices : Official statistics confirm that food prices in June showed a minimal increase of 0.3 percent compared to May, indicating a stabilization after previous fluctuations. Certain foods, such as herring, honeydew melon, and salad, experienced a decline in prices, while items like pears, grapes, and carrots saw an increase in price.

Ericsson CEO: "It will get better next year" : Ericsson experienced a 9 percent decrease in sales during Q2 due to challenging market conditions and decreased investments by mobile operators. However, CEO Börje Ekholm is optimistic about the future, citing increasing mobile traffic and the expansion of digital highways as drivers for future growth. Ericsson expects 1.5 billion 5G subscriptions worldwide by the end of the year and 4.6 billion by 2028.