Sweden: Inflation comes in at fresh high in April
May 12, 2022
Consumer prices with a fixed interest rate rose 0.58% in April over the previous month, which was below March's 1.73% increase. April's result marked the softest rise in prices since January. The reading was driven by falling prices for housing, water, electricity, gas and other fuels and easing price pressures for food and non-alcoholic beverages. Moreover, prices for recreation and culture grew at a more subdued pace.
CPIF inflation in annual terms inched up to 6.4% in April, above March’s 6.1%. April's result marked, once again, the highest inflation rate since December 1991. Consequently, annual average inflation rose to 3.5% in April (March: 3.2%).