Sweden has the highest inflation since 1993

Sweden has the highest inflation since 1993

STOCKHOLM, January 14 (Xinhua) – Sweden recorded the highest inflation since 1993 in December 2021, when consumer prices measured at a fixed interest rate rose 4.1 percent from the same period a year earlier, Statistics Sweden stated on Friday.

The main driving force was the cost of electricity, which has soared in recent months. In December, this trend accelerated.

“It was the highest monthly change in electricity prices measured in the 2000s,” says Caroline Neander, price statistician at Statistics Sweden, in a press release.

The cost of food, especially vegetables, also increased, as did clothing and transportation services.

As a consequence of the sky-high electricity costs, the Swedish government promised earlier this week to compensate about 1.8 million households hardest hit by up to SEK 6,000 (660 US dollars) for December, January and February. (1 US dollar = 9.10 kronor)

Source: sn.dk




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