Today: Wednesday, 17 August 2022 year

Inflation in Sweden reached a record 7.2% since 1991 in May

Inflation in Sweden reached a record 7.2% since 1991 in May

Inflation in Sweden increased from 6.4 percent in April to 7.2 percent in May. This is evidenced by data from Statistics Sweden (SCB)


It is noted that this is the highest figure since 1991. Thus, inflation in Sweden broke a record 31 years ago. The press service of the SCB specified that the rise in prices continued mainly for food products such as meat, milk, cheese and eggs.


Record price increases are observed throughout Europe. Annual inflation in the eurozone accelerated to 8.1 percent in May. This is the seventh consecutive record – in April, the figure reached 7.4 percent. The main contribution is made by the rise in the price of energy carriers.