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

Swedish inflation rises to 1.1 percent in July

Share this article

11:01 CEST+02:00
Inflation climbed slightly to 1.1 percent in Sweden in July, up from 0.9 percent in June, new figures showed on Thursday.

From June to July, consumer prices dropped 0.3 percent, Statistics Sweden said in a statement.

The agency added that adjusted for the direct effect of the low interest rates, annual inflation in July stood at 1.7 percent. Sweden left its benchmark rate at a historic low level of 0.25 percent for a year before raising it to 0.5 percent on July 1st.

Statistics Sweden said that the biggest price falls were for clothing, which experienced a normal seasonal drop of 6.6 percent, and petrol, which fell 2.6 percent.

According to the European Union's Harmonised Index of Consumer Prices (HICP), inflation in Sweden stood at 1.4 percent in July on a 12-month basis, compared to 1.6 percent in June.

From June to July, Sweden's HICP-calculated inflation fell by 0.4 percent.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

Swedish for programmers: Tailored Swedish courses for techies

How do you get a job in Sweden's competitive tech industry if you're new to the country and don't speak the language? Enter SFX-IT, a specialised language course tailored for foreign techies living in Sweden.