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Financial News: Sweden Inflation Eases In May

Sweden Inflation Eases In May

06/10/2021 - 06:58:00 (RTTNews)

(RTTNews) - Sweden's consumer price inflation slowed in May, figures from Statistics Sweden showed on Thursday.

The consumer price index rose 1.8 percent annually in May, after a 2.2 percent increase in April. Economists had expected a 2.0 percent rise.

On a month-on-month basis, consumer prices rose 0.2 percent in May, same as seen in the previous month. Economists had expected a 0.4 percent increase.

Inflation, based on the CPI with fixed interest rate or CPIF, decreased to 2.1 percent in May from 2.5 percent in the preceding month.

On a monthly basis, the CPIF rose 0.2 percent in May, after a 0.3 percent growth in the prior month.

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