Inflation in Sweden hits record highs since 2008

Sweden's inflation rate hit record highs since 2008 and stood at 3.1% in October, with a monthly change from September to October totaling 0.2%. Report informs citing foreign media outlets

A significant increase in prices in the country may be due to the weakening of restrictions imposed due to COVID-19. Prices for fuel, food, and goods and services have increased in the country.

The inflation rate in Sweden in October reached a record high since 2008 when the rate was 3.3%. From the fall of 2021, the indicator began to grow, reaching a peak in October.