Sweden Inflation Increases In August

Sweden's consumer price inflation surged in August, figures from Statistics Sweden showed on Tuesday.

The consumer price index rose 2.1 percent annually in August, after a 1.4 percent increase in July. Economists had expected a rise of 1.7 percent.

On a month-on-month basis, consumer prices rose 0.5 percent in August, following a 0.3 percent increase in the previous month. Economists had forecast an increase of 0.2 percent.

Inflation, based on the CPI with fixed interest rate or CPIF, increased to 2.4 percent in August from 1.7 percent in the preceding month.

On a monthly basis, the CPIF rose 0.5 percent in August, following a 0.3 percent gain in the prior month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT