Inflation in Sweden hits three-decade high ...News

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Inflation in Sweden hits three-decade high
The data shows electricity and food topping higher than expected price growth Inflation in Sweden has soared to double digits for the first time in more than thirty years, fueled by soaring electricity and food prices, Statistics Sweden said on Friday. Sweden’s inflation adjusted for fixed interest rates (CPIF), the measure used by the country’s central bank, jumped to 10.2% on an annual basis in December, up from 9.5% in November. The figures are higher than the rate of 9.1% projected by Riksbank, and of 9.8% expected by economists. While inflation is cooling in some countries in the euro area, Sweden is still se

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