WORLD Sweden sees highest inflation in over 30 years

WORLD

Sweden sees highest inflation in over 30 years

By Yin Miao | People's Daily app

22:27, December 14, 2022

(Photo: agencies)

Swedish prices continued rising to reach the highest level in over 30 years last month, according to the official Swedish government agency responsible for statistics on Wednesday.

Inflation went up to 11.5 percent in November, compared with 10.9 percent in October.

Rising energy prices were the main driver of inflation, price statistician Carl Martensson was quoted as saying in the press release.

It was the third month in a row of rising electricity prices and inflation in Sweden and the highest level in over 30 years.

Food prices increased for the 12th month in a row, with milk, cheese and eggs the main drivers of inflation.

Inflation increased to 9.5 percent in November from 9.3 percent in October according to the consumer price index with a fixed interest rate measurement, that is to say, inflation adjusted for mortgage interest.


Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue