Inflation in Sweden elevated final month to its highest level since 1991, officers stated on Thursday, as nations worldwide grapple with surging costs exacerbated by Russia’s battle in Ukraine.
The shopper value index rose 6.4% in April from a yr in the past and was up from 6.1% in March, in line with 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 issue in the remainder of Europe and different elements 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 primary contributors” for the hike. Clothing and books noticed seasonal value will increase, whereas furnishing and family gear costs “have now risen for six consecutive months.”
Prices additionally elevated for residence repairs and upkeep, transportation and different items and companies, the company stated.
Sweden, a member of the European Union, shouldn’t be among the many 19 nations that use the euro forex. Annual inflation in the eurozone hit a record-high 7.5% final month.
The US noticed shopper costs bounce 8.3% final month from a yr in the past, remaining near a four-decade excessive.
Inflation in Sweden has just hit its highest level since 1991 & More Latest News Update
Inflation in Sweden has just hit its highest level since 1991 & More Live News
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Inflation in Sweden has just hit its highest level since 1991 & More News Today
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