Sweden's consumer price inflation increased as expected in August to the highest level in six months, flash data from Statistics Sweden showed on Thursday.
The consumer price index, or CPI, rose 1.1 percent year-over-year in August, following a 0.8 percent increase in July.
Data showed that the consumer price index with a fixed interest rate, or CPIF, also increased at a faster pace of 3.3 percent annually in August versus 3.0 percent in July. Moreover, the inflation has continued to remain above the Riksbank's target of 2.0 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.