Sweden Producer Price Inflation Highest Since September 2018

Sweden's producer prices increased to the highest level in nearly three years in June, figures from Statistics Sweden showed on Friday.

The producer price index grew 9.6 percent year-on-year in June, following a 7.9 percent rise in April. Prices rose for the fifth month in a row.

The latest inflation was the highest since September 2018, when prices rose 10.1 percent.

Import prices increased 6.8 percent yearly in June and rose 0.9 percent from a month ago.

Export prices grew 9.7 percent annually in June and increased 2.1 percent from the previous month.

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