Inflation in Sweden elevated final month to its highest stage since 1991
COPENHAGEN, Denmark — Inflation in Sweden elevated final month to its highest stage since 1991, officers stated Thursday, as nations worldwide grapple with surging costs exacerbated by Russia’s battle in Ukraine.
The client value index rose 6.4% in April from a yr in the past and was up from 6.1% in March, in response to official figures from Statistics Sweden.
There was a “continued widespread price increase in April, including food, household equipment, restaurant visits and hotels,” statistician Mikael Nordin stated.
High vitality costs additionally have been fueling inflation, a key consider the remainder of Europe and different components of the world amid fears that the battle could result in an interruption of oil or pure fuel provides from Russia.
Statistics Sweden stated meals costs elevated, with meat and greens being “the primarily contributors” for the hike. Clothing and books noticed seasonal value will increase, whereas furnishing and family tools costs “have now risen for six consecutive months.”
Prices additionally elevated for residence repairs and upkeep, transportation and different items and providers, the company stated.
Sweden, a member of the European Union, just isn’t among the many 19 nations that use the euro foreign money. Annual inflation within the eurozone hit a record-high 7.5% final month.
The U.S. noticed client costs bounce 8.3% final month from a yr in the past, remaining near four-decade excessive.
Sweden sees highest inflation rate since 1991 & More Latest News Update
Sweden sees highest inflation rate since 1991 & More Live News
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