Sweden experiences highest inflation in three decades

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Sweden experiences highest inflation in three decades

STORY: Sweden experiences highest inflation in three decades DATELINE: June 15, 2022 LENGTH: 00:02:03 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of a shopping mall 2. various of a petrol station 3. various of street views STORYLINE: Swedish consumers are witnessing the highest inflation since 1991, with consumer prices, measured with a fixed interest rate, rising from 6.4 percent in April to 7.2 percent in May, Statistics Sweden said on Tuesday. Energy prices saw the biggest increases, with fuel prices surging by 41.8 percent in a year and electricity prices rising by 33.6 percent. In contrast to prior years, when the price of power dropped in the spring as a result of declining demand, it rose by 4.1 percent in May. Food price has increased significantly as well. Meat prices rose by 4.4 percent in May, while the cost of eggs and dairy products grew by 3.5 percent from April to May. Meanwhile, costs of owning a condominium rose by 7.2 percent compared with May 2021. House owners

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