Sweden's consumer price inflation increased as initially estimated in August to the highest level in six months, the latest 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. That was in line with the flash data published on September 4.
The spike in inflation was largely driven by a 25.0 percent surge in electricity costs and a 4.7 percent rise in costs for food and non-alcoholic beverages.
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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.