Sweden’s price increases tempered slightly in January but inflation remained in the double digits at 11.7 percent as food prices continued to soar despite lower energy costs.
“Electricity prices decreased by 27.4 percent in the last month which also contributed to an easing in the inflation rate from December to January,” Sofie Ohman at Statistics Sweden said. Sweden’s inflation adjusted for fixed interest rates — the figure used by Sweden’s central bank to guide monetary policy — was 9.3 percent in January, down from 10.2 in December.
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