Sweden: Inflation hits 31-month high in April
May 12, 2021
Consumer prices with a fixed interest rate (CPIF) increased 0.27% over the previous month in April, accelerating from March's 0.17% increase. The acceleration was largely due to a less pronounced fall prices for housing and utilities.
CPIF inflation came in at 2.5% in April, up from March’s 1.9%. April's reading marked the highest inflation rate since September 2018. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 0.9% in April (March: 0.7%).
Author: Stephen Vogado, Economist