Sweden posts record inflation in 30 years

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  • 12 May, 2022
  • 07:37
Sweden posts record inflation in 30 years

Inflation in Sweden rose to 6.4% in April, the country's Central Statistical Bureau (CSB) said in a statement.

Report informs, citing TASS, that this is the highest rate since 1991, when the maximum increase was 7.8%.

The inflation in March was 6.1%, also an all-time high.

A broad rise in prices continued in April, including for food, household goods, the cost of restaurants and hotels, Mikael Nordin, price statistician of the agency, commented in a CSB report.

Many analysts predicted that prices should rise 6.2% in April.

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