Forex News

Inflation import prices in Sweden peaked in nearly 18 years

The inflation of import prices in Sweden increased at the fastest pace in almost 18 years in September, as evidenced by data from the Statistics Office of Sweden published on Thursday.
Import prices showed a double-digit increase of 15.2 percent year-on-year, the biggest increase since October 1993. Higher import prices for crude oil and electricity spurred prices last year.
The producer price index, which shows producer prices in the domestic and export markets, increased by 10.1 percent compared to the same month last year. At the same time, prices in the export market increased by 13.4 percent.
The data showed that producer prices increased by 1.2 percent in September compared to August.
Over the same period, influenced by the weaker Swedish krona, prices rose by 2.9 percent in the import market and by 1.7 percent in the export market.