Sweden's consumer price inflation increased as initially estimated in July to the highest level in five months, the latest data from Statistics Sweden showed on Thursday.
The consumer price index, or CPI, rose 0.8 percent year-over-year in July, following a 0.7 percent increase in June. That was in line with the flash data published on August 7.
A 5.1 percent spike in prices for food and non-alcoholic beverages contributed to the increase in the inflation. Electricity prices were 8.6 percent more expensive compared to last year, while gasoline prices plunged by 15.1 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.