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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.