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Swedish PPI YoY (Dec) Y/Y -2.7% (Prev. -1.4%)

The Swedish Producer Price Index (PPI) for December at -2.7% year-on-year indicates a deeper contraction than the previous -1.4%.

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Japanese Coast Guard issues second notice regarding North Korean projectile

North Korea fires projectile towards sea, according to Yonhap; details light

Swedish PPI YoY (Dec) Y/Y -2.7% (Prev. -1.4%)

India-EU trade deal details: Tariffs of up to 44% on machinery, 22% on chemicals, 11% on pharmaceuticals will be mostly eliminated; tariffs on over 90% of EU goods exports will be eliminated or reduced

European Commission President von der Leyen said EU and India finalised a trade deal, and calls it "the mother of all deals"

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Context

This significant drop suggests underlying deflationary pressures in the manufacturing sector, which could influence monetary policy discussions and impact inflation expectations moving forward.

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