Sweden reports highest inflation in over 30 years

Photo: Marko Säävälä / TT / NTB

According to the Consumer Price Index (CPI), inflation in the twelve months leading up to March amounted to 6% in Sweden. Inflation has not been so high in just over 30 years.

When changes in mortgage rates are excluded, the adjusted index CPI shows a price increase of 6.1%, according to Statistics Sweden (SCB). This is the highest level since December 1991, when this inflation target was 7.8%.

Most analysts expected high inflation in March, but the figures from Statistics Sweden are even slightly higher than the forecasts from SEB and Infront, which estimated a price increase of 6 and 5.6%, respectively.

From February to March, the price level in Sweden increased by 1.7%.

In Finland, too, prices are rising faster now than at any time since the early 1990s. The Finnish Statistics Office states that annual inflation amounted to 5.8% in March. 

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

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