Sweden's inflation hits new 30-year record in August

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Sweden's inflation hits new 30-year record in August

STORY: Sweden's inflation hits new 30-year record in August DATELINE: Sept. 15, 2022 LENGTH: 00:01:54 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Statistics Sweden 2. various of a supermarket in Stockholm, Sweden 3. various of a gas station in Stockholm, Sweden 4. various of street views in Stockholm, Sweden 5. various of Sweden's central bank STORYLINE: Sweden's inflation rate hit a new three-decade high in August, according to official statistics released on Wednesday. The CPIF (consumer price index with fixed interest rate) 12-month inflation reached 9 percent in August, up from 8 percent in July, Statistics Sweden said. Inflation accelerated in August despite fuel becoming considerably cheaper than in July. Electricity, however, was getting increasingly expensive, up 29 percent from July and 51.4 percent from a year ago. "The price of food and non-alcoholic beverages has risen every month since December 2021. In total, this is a price increase of 14.03 percent in the past

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