Sweden: CPIF jumps to new fresh high in May
Consumer prices with a fixed interest rate increased 0.97% over the previous month in May, accelerating from the 0.58% increase seen in April. Looking at the details of the release, food and non-alcoholic beverages prices rose at a quicker pace in May compared to the previous month. Similarly, price pressures for housing and utilities increased at a brisker pace in May.
CPIF inflation in annual terms came in at 7.2% in May, up from April’s 6.4%, and marked, once again, the highest inflation rate since December 1991. Accordingly, the trend pointed up, with annual average inflation coming in at 4.0% in May (April: 3.5%).