Financial News: Swedish Inflation Confirmed At 7-month High

Swedish Inflation Confirmed At 7-month High

06/11/2026 - 03:33:00 (RTTNews)

(RTTNews) - Sweden's consumer price inflation increased as estimated initially in May to the highest level in seven months amid higher energy costs, the latest data from Statistics Sweden showed on Thursday.

The consumer price index, or CPI, rose 0.8 percent year-over-year in May, reversing April's renewed fall of 0.1 percent. Moreover, a similar inflation rate was last seen in October 2025. That was in line with the flash data published on June 4.

"We have noticed that fuel prices have risen since May last year and are the main contributor to the inflation rate this month," Caroline Neander, a statistician at Statistics Sweden, said.

Energy prices largely drove the inflation as fuel prices and electricity prices surged by 27.0 percent and 15.0 percent, respectively, in May compared to last year. Inflation based on transportation climbed to 6.0 percent from 5.2 percent, and housing and utility costs rebounded by 2.6 percent.

Meanwhile, the deflation in food and non-alcoholic beverages deepened to 6.2 percent from 5.7 percent.

Inflation based on the consumer price index with a fixed interest rate rose to 1.5 percent in May from 0.8 percent a month ago, as estimated.

On a monthly basis, consumer prices increased 1.0 percent, in contrast to a 0.6 percent stable decline in April.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Croatia Inflation Eases To 4-Month Low (05 min(s), 28 sec(s) ago)
(RTTNews) - Consumer price inflation in Croatia moderated further in June to the lowest level in f ...Full Story»

U.S. Private Sector Employment Increases Less Than Expected In June (20 min(s), 28 sec(s) ago)
(RTTNews) - Private sector employment in the U.S. increased by less than expected in the month of ...Full Story»

Japan Consumer Confidence Rises Slightly In June (50 min(s), 28 sec(s) ago)
(RTTNews) - Japan's consumer sentiment improved somewhat in May to the highest level in four m ...Full Story»

Sweden Manufacturing Growth Strongest Since January 2022 (01 hr(s), 19 min(s), 28 sec(s) ago)
(RTTNews) - Sweden's industrial economy expanded at the quickest pace in four-and-a-half years ...Full Story»

Swiss Retail Sales Growth Hits 11-month High (01 hr(s), 38 min(s), 28 sec(s) ago)
(RTTNews) - Swiss retail sales increased at the quickest pace in nearly a year in May, data from t ...Full Story»

UK Manufacturing Growth Softens (01 hr(s), 55 min(s), 28 sec(s) ago)
(RTTNews) - The upturn in the UK manufacturing softened in June amid slowing new order growth and ...Full Story»

Eurozone Manufacturing Activity Expands Moderately (02 hr(s), 24 min(s), 28 sec(s) ago)
(RTTNews) - The euro area manufacturing activity continued to grow in June as production expanded ...Full Story»

Russia Factory Activity Expands Slightly In June (03 hr(s), 06 min(s), 28 sec(s) ago)
(RTTNews) - Russia's factory activity logged a renewed growth in June as output rose at the qu ...Full Story»