Sweden sees highest inflation rate since 1991
2 years, 7 months ago

Sweden sees highest inflation rate since 1991

Associated Press  

COPENHAGEN, Denmark — Inflation in Sweden increased last month to its highest level since 1991, officials said Thursday, as countries worldwide grapple with surging prices exacerbated by Russia’s war in Ukraine. There was a “continued widespread price increase in April, including food, household equipment, restaurant visits and hotels,” statistician Mikael Nordin said. Statistics Sweden said food prices increased, with meat and vegetables being “the primarily contributors” for the hike. Clothing and books saw seasonal price increases, while furnishing and household equipment prices “have now risen for six consecutive months.” Prices also increased for home repairs and maintenance, transportation and other goods and services, the agency said.

Prices Price Sweden Food Household  sweden  month  inflation  increased  sees  1991  highest  prices  price  saw  rate  food  household  war

History of this topic

31%: The surge in food prices irking voters in the UK election
5 months, 3 weeks ago

31%: The surge in food prices irking voters in the UK election

Al Jazeera  

The cost of living is a key issue in an election expected to end 14 years of Conservative Party governance. While inflation has finally returned to the central bank’s target of 2 percent after hitting double-digit highs in 2022 and 2023, people are still paying much more for essentials, including food, than they were just a few years ago. Food …

Sweden’s central bank hikes key interest rate, saying inflation is still too high
1 year, 3 months ago

Sweden’s central bank hikes key interest rate, saying inflation is still too high

Associated Press  

STOCKHOLM — Sweden’s central bank raised its key interest rate Thursday, saying that “inflationary pressures in the Swedish economy are still too high,” although there were signs that inflation had begun to fall. But the bank added that “inflation pressures are still too high,” noting that service prices are still rising rapidly and Sweden’s currency, the krona, is “unjustifiably weak.” …

Europe’s inflation inches up ahead of interest rate decision
1 year, 7 months ago

Europe’s inflation inches up ahead of interest rate decision

Associated Press  

FRANKFURT, Germany — Europe’s painful inflation has inched higher, extending the squeeze on households and keeping pressure on the European Central Bank to unleash what could be another large interest rate increase. Food price inflation eased a little, falling to an annual rate of 13.6% from March’s 15.5%, while energy prices rose a more modest 2.5%. A smaller hike would …

Netherlands inflation increased to 5.2% in April
1 year, 7 months ago

Netherlands inflation increased to 5.2% in April

NL Times  

The rate at which prices are rising in the Netherlands increased again in April compared to a month earlier. Statistics Netherlands reported in a quick first estimate that inflation amounted to 5.2 percent last month. The average price increase of supermarket products was 13.2 percent last month, compared to 15.1 percent in March. To easily compare with other European countries, …

UK inflation remains over 10% as food prices rise
1 year, 8 months ago

UK inflation remains over 10% as food prices rise

Associated Press  

LONDON — The price of food in the U.K. rose at the fastest pace in 45 years last month in, keeping inflation above 10% for a seventh straight month amid a cost-of-living crisis that has fueled a wave of strikes by government workers. Food prices jumped 19.2% in the 12 months through February, the biggest increase since August 1977, the …

Food prices jump 18.4% in a year; Clothing 11.8% more expensive
1 year, 9 months ago

Food prices jump 18.4% in a year; Clothing 11.8% more expensive

NL Times  

Food in the Netherlands cost 18.4 percent more in February than a year earlier. While energy prices are no longer skyrocketing, the higher energy prices still indirectly contribute to inflation, ABN Amro economist Aggie van Huisseling told RTL Nieuws. And gas prices are still higher than a year ago, Van Huisseling explained. Higher clothing prices also drove up inflation, but …

European inflation eases for 3rd month but prices still bite
1 year, 10 months ago

European inflation eases for 3rd month but prices still bite

Associated Press  

LONDON — Europe’s inflation rate dipped at the start of the year, giving some relief to consumers but still leaving them facing higher prices that have driven protests and will likely press the European Central Bank into another interest rate hike Thursday. Russia’s war in Ukraine has shaken up food and energy markets, and while commodity prices have fallen from …

Inflation in Europe eases but still in painful double digits
2 years ago

Inflation in Europe eases but still in painful double digits

Associated Press  

FRANKFURT, Germany — Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession. Out-of-control inflation is being fed by high energy prices caused by …

Sweden’s big interest rate hike follows other central banks
2 years, 1 month ago

Sweden’s big interest rate hike follows other central banks

Associated Press  

STOCKHOLM — Sweden’s central bank followed other central banks in undertaking a big increase to its key interest rate to combat inflation, saying Thursday that high prices are undermining people’s purchasing power and making it tough for households and companies to plan their finances. Riksbanken said the hike of three-quarters of a percentage point pushes the key rate to 2.5% …

Inflation hits new record in Europe, slowing economy
2 years, 1 month ago

Inflation hits new record in Europe, slowing economy

The Hindu  

Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. While liquid gas succeeded in filling Europe's storage for the winter, the higher prices have made some industrial products such as steel or fertilizer expensive or simply unprofitable to make. Natural …

Sweden’s central bank hikes key interest rate by full point
2 years, 3 months ago

Sweden’s central bank hikes key interest rate by full point

Associated Press  

COPENHAGEN, Denmark — Sweden’s central bank on Tuesday raised its key interest rate by a full percentage point to combat the highest inflation in more than 30 years, the first of a series of large hikes expected from central banks worldwide this week. Riksbanken said inflation has risen rapidly — to 9% in August, the highest level since 1991 — …

Inflation hits 9.1% in countries using euro currency
2 years, 3 months ago

Inflation hits 9.1% in countries using euro currency

Associated Press  

LONDON — Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine. Annual inflation in the eurozone’s 19 countries rose to 9.1%, up from 8.9% in July, according to the latest figures released Wednesday by the European Union statistics agency Eurostat. In the euro …

Inflation and wage data suggest US prices will keep climbing
2 years, 4 months ago

Inflation and wage data suggest US prices will keep climbing

Associated Press  

WASHINGTON — Inflation surged in June and workers’ average wages accelerated in the spring — signs that Americans won’t likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing costs. An inflation gauge closely tracked by the Fed jumped 6.8% in June from a year ago, the government said …

Eurozone inflation surges to record high in fresh blow to Lagarde
2 years, 4 months ago

Eurozone inflation surges to record high in fresh blow to Lagarde

The Telegraph  

Inflation in the eurozone has soared to a new record high, piling more pressure on the European Central Bank as price rises show no signs of slowing. “Going forward, the path for inflation is very dependent on what happens with Russian gas flows, and hence energy prices, but in any case it isn’t expected to come down fast,” she added. …

UK inflation surges to new 40-year high of 9.4%
2 years, 5 months ago

UK inflation surges to new 40-year high of 9.4%

Associated Press  

LONDON — Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis. Bank of England Governor Andrew Bailey said Tuesday that the bank is likely to consider raising interest rates by half a percentage point at its next meeting to help control inflation. “Here, …

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising
2 years, 5 months ago

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising

Dutch News  

Inflation eased slightly to 8.6% in June, but households continued to feel the pinch as food prices went up by 11.2% in the past year, official figures show. The statistics agency CBS said inflation was down from 8.8% in May and a peak of 9.7% in March, mainly because gas and electricity prices are rising less quickly than they were …

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising
2 years, 5 months ago

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising

Dutch News  

Inflation eased slightly to 8.6% in June, but households continued to feel the pinch as food prices went up by 11.2% in the past year, official figures show. The statistics agency CBS said inflation was down from 8.8% in May and a peak of 9.7% in March, mainly because gas and electricity prices are rising less quickly than they were …

Inflation hits record 8.6% for 19 countries using the euro
2 years, 5 months ago

Inflation hits record 8.6% for 19 countries using the euro

Associated Press  

LONDON — Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia’s war in Ukraine. Annual inflation in the eurozone’s 19 countries hit 8.6% in June, surging past the 8.1% recorded in May, according to the latest numbers published Friday by the European Union statistics agency, Eurostat. …

German inflation rate hits highest level since early 1970s
2 years, 6 months ago

German inflation rate hits highest level since early 1970s

Associated Press  

BERLIN — Germany’s annual inflation rate accelerated to 7.9% in May, its highest level in nearly half a century, according to an official estimate Monday. The Federal Statistical Office said year-on-year inflation jumped from 7.4% in April, with energy prices 38.3% higher than in May last year and food prices up 11.1%. It is the highest inflation rate since the …

Inflation hits record high of 7.5% in countries using euro
2 years, 7 months ago

Inflation hits record high of 7.5% in countries using euro

Associated Press  

BRUSSELS — Inflation hit a record in April for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine weigh on the region’s economic recovery from the coronavirus pandemic. Eurostat said energy prices jumped 38%, an indication of how Russia’s invasion of Ukraine is affecting the eurozone’s 343 million people. Eurostat said economic …

Sweden’s central bank raises interest rate to hit inflation
2 years, 7 months ago

Sweden’s central bank raises interest rate to hit inflation

Associated Press  

STOCKHOLM — Sweden’s central bank on Thursday raised a key interest rate from zero to 0.25%, citing the highest inflation level since the 1990s. “Since the turn of the year, inflation excluding energy has also risen rapidly and has been significantly higher than the Riksbank’s forecast in February,” the central bank said in a statement. “The outcomes indicate that the …

U.K. inflation rises at the fastest pace in 30 years
2 years, 8 months ago

U.K. inflation rises at the fastest pace in 30 years

The Hindu  

British consumer prices rose at the fastest pace in 30 years last month, fueled by soaring costs for household energy and motor fuels — the latest grim figures as inflation surges around the world. The U.K. faces what economists say will be the biggest drop in living standards since the mid-1950s as rocketing energy costs, rising food prices and tax …

US inflation jumped 8.5 percent in past year, highest since 1981
2 years, 8 months ago

US inflation jumped 8.5 percent in past year, highest since 1981

Al Jazeera  

March inflation numbers are the first to include the hike in petrol prices spurred by Russia’s invasion of Ukraine in February. The United States Department of Labor said Tuesday that its consumer price index jumped 8.5 percent in March from 12 months earlier — the biggest year-over-year increase since December 1981. The March inflation numbers were the first to capture …

U.S. inflation jumped 8.5% in past year, highest since 1981
2 years, 8 months ago

U.S. inflation jumped 8.5% in past year, highest since 1981

LA Times  

Gas prices in Westchester were above six dollars on March 13. The Labor Department said Tuesday that its consumer price index jumped 8.5% in March from 12 months earlier, the sharpest year-over-year increase since December 1981. For the record: An earlier version of this story said consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982. Even …

More evidence of soaring inflation as CBS puts March rate at 9.7%
2 years, 8 months ago

More evidence of soaring inflation as CBS puts March rate at 9.7%

Dutch News  

The rate of inflation in the Netherlands has risen to 9.7% when calculated according to Dutch methods, 2.2 percentage points below the harmonized European figure. The current rate is the highest since April 1976, national statistics office CBS said on Thursday. The European method, which excludes rental housing costs, makes it possible to compare inflation within the eurozone, where the …

More evidence of soaring inflation as CBS puts March rate at 9.7%
2 years, 8 months ago

More evidence of soaring inflation as CBS puts March rate at 9.7%

Dutch News  

The rate of inflation in the Netherlands has risen to 9.7% when calculated according to Dutch methods, 2.2 percentage points below the harmonized European figure. The current rate is the highest since April 1976, national statistics office CBS said on Thursday. The European method, which excludes rental housing costs, makes it possible to compare inflation within the eurozone, where the …

Inflation in 19 nations using euro sets record for 4th month
2 years, 9 months ago

Inflation in 19 nations using euro sets record for 4th month

Associated Press  

LONDON — Surging energy costs have driven inflation in Europe to another record high, raising questions about when the central bank should step in to ease the pain to people’s wallets while Russia’s invasion of Ukraine rattles the global economy. The latest numbers underscore continuing pain for the continent’s consumers and pile more pressure on the European Central Bank as …

Inflation in 19 countries using the euro hits another record
2 years, 10 months ago

Inflation in 19 countries using the euro hits another record

Associated Press  

FRANKFURT, Germany — Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row, extending pain for consumers and sharpening questions about future moves by the European Central Bank. The 19 countries that use the euro currency saw consumer prices increase by an annual 5.1% in January, the European Union statistics …

US inflation reaches highest level in four decades as consumer prices jump 7%
2 years, 11 months ago

US inflation reaches highest level in four decades as consumer prices jump 7%

Hindustan Times  

Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy. US President Joe Biden issued a statement arguing that …

Inflation in 19 nations using euro hits record high of 4.9%
3 years ago

Inflation in 19 nations using euro hits record high of 4.9%

Associated Press  

LONDON — Consumer prices across the 19 countries that use the euro currency are rising at a record rate as a result of a huge spike in energy costs this year, official figures showed Tuesday. Eurostat, the European Union’s statistics agency, said the eurozone’s annual inflation rate hit 4.9% in November, the highest since recordkeeping began in 1997 and up …

Inflation across eurozone hits record high of 4.9%
3 years ago

Inflation across eurozone hits record high of 4.9%

The Hindu  

Official figures show that consumer prices across the 19 countries that use the euro currency are rising at a record rate. Eurostat, the European Union's statistics agency, said Tuesday that the eurozone's annual inflation rate hit 4.9% in November, the highest since records began in 1997. The core inflation rate, which strips out potentially volatile items such as alcohol, energy, …

German inflation hits 29-year high as energy costs spike across Europe
3 years, 2 months ago

German inflation hits 29-year high as energy costs spike across Europe

CNN  

London CNN Business — Inflation in Germany hit its highest level in nearly three decades last month, fueled by rising energy costs, supply chain bottlenecks and price hikes following the easing of pandemic lockdowns. German consumer prices increased 4.1% in September compared with a year earlier, the country’s federal statistics office said in a statement. Annual inflation across the 19 …

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