Sweden: CPIF comes in at highest level in over three decades in June
July 14, 2022
Consumer prices with a fixed interest rate rose 1.25% from the previous month in June, accelerating from the 0.97% rise seen in May. Looking at the details of the release, the reading was primarily due to rising prices for housing, water, electricity, gas and other fuels. In addition, price pressures for transportation also accelerated.
CPIF inflation rose to 8.5% in June, above May’s 7.2%. June's reading marked the highest inflation rate since July 1991. Consequently, the trend pointed up, with annual average inflation coming in at 4.5% in June (May: 4.0%).