STOCKHOLM, April 14 (Xinhua) – Sweden is experiencing the highest inflation in decades, with a 12-month inflation of 6.1 percent in March, Statistics Sweden stated on Thursday.
“The inflation rate rose sharply due to a general and broad price increase. Prices of food and non-alcoholic beverages rose, but it was mainly rising electricity and fuel prices that had a major impact,” said Caroline Neander, a statistician at the agency. said in a press release.
The CPIF (Consumer price index with fixed interest rates) 12-month inflation rose by 1.7 per cent from February to March, according to the Swedish authority.
The pace was mainly affected by higher energy prices, which contributed 2.2 percentage points, and added that further contributing factors were higher prices for food and non-alcoholic beverages.
The authority also reported price increases in March for various goods and services, including dairy products, restaurant visits, housing costs and cars.
Thursday’s inflation figures exceeded the fears of most market analysts, who now expect that the Riksbank will soon raise its reference rate and thus end the country’s era with zero interest rates.
Source: sn.dk