Swedish inflation rose further in October
CPIF increased year on year by 3.1% last month; Riksbank expected to reduce balance sheet
Inflation in Sweden continued increasing in October, pushed up by housing, fuel prices and costs related to recreational activities.
On November 15, Statistics Sweden reported the consumer price index at fixed interest rates (CPIF) increased year on year by 3.1% in October, up from 2.8% in September. Sveriges Riksbank targets 2% inflation.
“The rate of inflation was mainly affected by increased housing costs, in which electricity prices accounted for the largest contribution,” said the
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