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February 14, 2012
Swedish prices continue to drop
Published: 9 Jul 09 10:09 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/20554/20090709/
Consumer prices in Sweden dropped by 0.6 percent in June on a 12-month basis, according to new figures from Statistics Sweden.
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A fall in the price of vegetables and clothing were the key drivers behind the deflation, the statement said.
From May to June, however, consumer prices rose by 0.2 percent owing largely to an increase in housing prices as a result of higher interest rates, according to Statistics Sweden.
Sweden experienced several months of strong inflation last year before tailing off rapidly.
In September, inflation was as high as 4.4 percent year-on-year.
Sweden's central bank has set itself an inflation target of 2.0 percent year-on-year.
Deflation can hamper economic growth because it reduces businesses profits and discourages investment.
It also leads consumers to put off buying goods in the hope that prices will continue to fall.
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THEN THE COUNTRY WILL WORK FINALLY THE WAY WE WANT!
Why are you shouting?
It's a bit ironic of you to point out 'lazy people' in an society whose economic problems are only exacerbated by the fact that most people take July off......in a proper economy, holidays are staggered so that at least customers/suppliers can continue doing business!!!!!!
At the moment I can get sweet fanny adams done - because my supplier base is away and there's no cover so there's no information flow and therefore no strategic development.....which in turn affects productivity, affects competitiveness and ultimately will drive prices back up.......
But what do I know.......I'm just another foreigner trying to keep the wheels greased in your Utopian engine........
The country will work properly when it re-evaluates its work ethic.