Sweden records highest inflation since 1993

Xinhua
15 Jan 2022, 02:30 GMT+10

STOCKHOLM, Jan. 14 (Xinhua) -- Sweden recorded the highest inflation since 1993 in December 2021, as consumer prices measured with a fixed interest rate were up 4.1 percent from the same period a year earlier, Statistics Sweden said on Friday.

The main driving factor was the cost of electricity, which has soared over the last few months. In December, this trend accelerated.

"It was the highest monthly change in electricity prices measured in the 2000s," Caroline Neander, price statistician at Statistics Sweden, said in a press release.

The cost of foodstuff, particularly vegetables, also increased as did clothing and transportation services.

As a consequence of the soaring electricity costs, the Swedish government earlier this week pledged to compensate around 1.8 million households who have been affected the most with up to 6,000 kronor (660 U.S. dollars) for December, January, and February. (1 U.S. dollar=9.10 kronor)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Europe Sun.

More Information

-6 ℃

Fair in Istanbul/Ataturk

International

Section

Viking boats to be protected by UNESCO

PARIS, France: During the course of several thousand years, wooden sailing boats enabled North Europeans to expand their businesses, influence ...

New US visas to attract foreign science, tech students

WASHINGTON D.C.: To ensure that the U.S. economy remains competitive, the Biden administration will allow international students specializing in science, ...