Core inflation is rising
The development is mainly driven by high prices for goods such as electricity, food, fuel and gas – goods that have been significantly affected by the ongoing war in Ukraine.
On average, commodity prices have risen by 10.3 percent over the past year – the largest jump of its kind since the end of 1982.
Core inflation, which reflects the change in the cost of goods and services, but not in the food and energy sector, also rose by 3.6 percentage points in April compared to last year.
Source: The Nordic Page