Sweden’s inflation eases, unemployment falls – News today
Sweden’s producer price inflation fell to a five-month low in July, while unemployment fell for the first time in three months, official figures revealed on Friday. The figures from Statistics Sweden showed that the producer price index rose by 20.4 percent on an annual basis. -year in July, slower than the increase of 25.6 percent in June, reports the news agency dpa. This was the slowest rate of increase since February, when prices had risen 19.3 percent. Prices for energy-related goods rose by 55.6 percent from last year and prices for consumer goods rose by 14.4 percent. On a monthly basis, producer prices fell by 1.5 percent in July. The data also showed import prices rose sharply by 32.0 percent annually in July and rose 0.6 percent from a month ago. prices increased by 21.1 percent in July compared to last year, while they decreased by 1.8 percent from June. Separate data from the statistics office showed that unemployment fell to 6.4 percent in July from 8.6 percent the previous year. onth. There were 373,000 unemployed in July, down 82,000 from the same month last year. At the same time, the employment rate rose to 71.7 percent in July from 70.7 percent the previous month.