Sweden Inflation Accelerates for 3rd Consecutive Month

Stockholm, June 14 (QNA) - Sweden's consumer price inflation during the month of May maintained their upward trend for the third consecutive month, recording the highest increase in three decades.
Figures from Statistics Sweden showed on Tuesday that consumer prices climbed 7.3 percent year-over-year in May, following a 6.4 percent increase in April. Economists had forecast inflation to rise to 7.0 percent.
The data pointed out that consumer prices rose by 1% on a monthly basis last May after rising by 0.6% during April.
The latest inflation was the highest since Dec. 1991, when prices had grown 7.9%. (QNA)