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Financial News: Sweden Inflation Accelerates As Expected In June

Sweden Inflation Accelerates As Expected In June

07/12/2018 - 07:06:00 (RTTNews)

(RTTNews) - Sweden's consumer price inflation accelerated as expected in June, though slightly, data from Statistics Sweden showed Thursday.

Consumer prices climbed 2.1 percent year-over-year in June, faster than the 1.9 percent rise in May.

On a monthly basis, consumer prices increased at a stable rate of 0.2 percent.

The inflation rate according to the CPI with a fixed interest rate was 2.2 percent in June, up from 2.1 percent in the prior month.

That was just below the 2.3 percent rise economists had forecast. Month-on-month, CPIF went up 0.3 percent.

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