Sweden's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Inflation rises but still off target

Share this article

13:15 CEST+02:00
Swedish 12-month inflation was 0.3 percent in April from 0.1 percent in March, mostly because of higher prices for clothes and petrol, Statistics Sweden said on Friday.

Analysts had expected annual inflation to rise to 0.4 percent, according to a market poll by SME-Direkt.

Month-on-month, consumer prices rose 0.1 percent in April as the upward pressure from higher rents, heating oil, clothing and petrol outweighed price cuts for vegetables, electricity and package holidays, the agency said.

When calculated according to a harmonized European index, Swedish prices rose by 0.4 percent over 12 months.

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

 
Get notified about breaking news on The Local

Share this article

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn't stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.