High energy prices in Sweden have contributed to the highest inflation in 15 years

Swedish flagPhoto: Vegard Wivestad Grøtt / NTB
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Annual inflation in Sweden was over 4% in December. That is the highest inflation since the summer of 2008, before the financial crisis broke out.

The high prices of energy have driven up inflation, according to Statistics Sweden (SCB).

In November, inflation was 3.6%. According to forecasts, inflation was to rise to 4%, but it ended at 4.1%.

“It is higher than our forecast, but roughly in line with the market otherwise,” Nordea’s chief analyst Torbjörn Isaksson told TT.

Excluding energy prices from the assessment, inflation fell to 1.7% in December, compared with 1.9% in November. 

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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