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Sweden Inflation At 23-Months High

Sweden's consumer price inflation rose to the highest level in twenty-three months in April, figures from Statistics Sweden showed on Wednesday.

The consumer price index rose 2.2 percent annually in April, following a 1.7 percent increase in March. This was in line with economists' expectation.

A similar higher rate of inflation was seen in May 2019.

On a month-on-month basis, consumer prices rose 0.2 percent in April, same as seen in the previous month. Economists had expected a 0.1 percent fall.

Inflation, based on the CPI with fixed interest rate or CPIF, increased to 2.5 percent in April from 1.9 percent in the preceding month.

On a monthly basis, the CPIF rose 0.3 percent in April, following a 0.2 percent growth in the prior month.

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