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Sweden Inflation Climbs To 12.0% On Higher Food Prices

March 15, 2023

Sweden’s consumer price inflation increased unexpectedly in February, largely driven by higher food costs, data from Statistics Sweden showed on Wednesday.

The consumer price index rose 12.0 percent year-over-year in February, faster than the 11.7 percent increase in January. Economists had forecast inflation to remain stable at 11.7 percent.

The 12.3 percent inflation in December was the highest since February 1991, when prices had grown 13.1 percent.

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