Highest inflation in Sweden in 13 years

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Published October 14, 2021 at 11:32 AM

Economics. The inflation rate was 2.8 percent in September. It is the highest since October 2008, according to Statistics Sweden.

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The inflation rate according to the CPIF (Consumer price index with a fixed interest rate), ie the change in the CPIF from the same month last year, was 2.8 per cent in September 2021.

It is a clear rise from August when the inflation rate was 2.4 percent. The monthly change from August to September was 0.5 percent.

– The inflation rate increases in September, which is largely due to higher electricity prices, says Caroline Neander, price statistician at Statistics Sweden, on the authority's website.

< Not since the financial crisis in 2008 has the figure been so high.

Housing costs in September were affected by rising electricity prices, according to Statistics Sweden. Higher fuel prices also affected the inflation rate. The inflation rate according to the CPIF excluding energy increased from 1.4 per cent in August to 1.5 per cent in September.