Sweden's consumer price inflation increased more-than-expected in May to the highest level in seven months, flash data from Statistics Sweden showed on Thursday.
The consumer price index, or CPI, rose 0.8 percent year-over-year in May, reversing April's renewed fall of 0.1 percent. Prices were expected to increase by 0.5 percent. Moreover, a similar inflation rate was last seen in October 2025.
The upward trend in inflation was mainly driven by higher energy and services prices, Mikael Nordin, a statistician at Statistics Sweden, said.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.