Swedish inflation slows in March

(AFP) Swedish consumer prices edged 0.2 percent higher in March from February, giving 12-month inflation of 0.1 percent, down from 0.7 percent the previous month, Statistics Sweden said on Thursday.

Higher prices for clothes and footwear as well as rising petrol prices were the main drivers for the monthly rise. They were partly offset by lower food prices.

When calculated according to a harmonized European index, Swedish prices rose by 0.3 percent in March from February, and by 0.5 percent from March 2004.

The Swedish central bank, Riksbank, has an annual inflation target of 2.0 percent.