Inflation in Sweden elevated final month to its highest degree since 1991, officers stated on Thursday, as international locations worldwide grapple with surging costs exacerbated by Russia's warfare in Ukraine.
The buyer worth index rose 6.4% in April from a 12 months in the past and was up from 6.1% in March, in line with official figures from Statistics Sweden.
There was a “continued widespread worth enhance in April, together with meals, family tools, restaurant visits and motels,” statistician Mikael Nordin stated.
Excessive vitality costs additionally have been fueling inflation, a key consider the remainder of Europe and different components of the world amid fears that the warfare might result in an interruption of oil or pure gasoline provides from Russia.
Statistics Sweden stated meals costs elevated, with meat and greens being “the first contributors” for the hike. Clothes and books noticed seasonal worth will increase, whereas furnishing and family tools costs “have now risen for six consecutive months.”
Costs additionally elevated for dwelling repairs and upkeep, transportation and different items and providers, the company stated.
Sweden, a member of the European Union, will not be among the many 19 international locations that use the euro foreign money. Annual inflation within the eurozone hit a record-high 7.5% final month.
The US noticed shopper costs bounce 8.3% final month from a 12 months in the past, remaining near a four-decade excessive.
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