Sweden has the highest inflation since 1991
Inflation in Sweden rose last month to its highest level since 1991, officials said on Thursday, as countries around the world struggled with rising prices exacerbated by Russia’s war in Ukraine.
The consumer price index rose 6.4% in April from a year ago and was up from 6.1% in March, according to official figures from Statistics Sweden.
There was a “continued extensive price increase in April, including food, household equipment, restaurant visits and hotels,” said statistician Mikael Nordin.
High energy prices also accelerated inflation, a key factor in the rest of Europe and other parts of the world for fear that the war could lead to a interruption in oil or natural gas supplies from Russia.
in SCB food prices rose, where meat and vegetables are “the main contributors” to the hike. Clothing and books saw seasonal price increases, while the prices of furnishings and household equipment “have now risen for six months in a row.”
Prices also rose for home repairs and maintenance, transportation and other goods and services, the agency said.
Sweden, which is a member of the European Union, is not among the 19 countries that use the euro currency. Annual inflation in the euro area hit one record 7.5% last month.
The United States saw consumer prices rise by 8.3% last month from a year ago, remained nearly four decades high.