Sweden inflation hits highest level in 28 years

Stockholm, Sweden

Year-on-year inflation in Sweden rose by 4.1% in December, driven by rapidly rising energy prices, according to official data released today (January 14).

This is the highest level of inflation in 28 years, representing a sharp increase from November’s 3.6% reading. This is likely to influence policy deliberations ahead of the Sveriges Riksbank’s next policy meeting on February 10.

The central bank’s inflation target is 2%. Interest rates remain at the record low of 0% since the beginning of

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