Record inflation slows down Sweden's economy
STOCKHOLM, July 28 (Xinhua) -- Already at its 30-year high, inflation keeps breaking new records in Sweden as prices of food, electricity and fuels skyrocket in recent months, due partly to the conflict in Ukraine and sanctions against Russia.
Data newly published by Statistics Sweden showed the country's 12-month inflation rate hit 8.5 percent in June, the highest since December 1991. This figure, above market expectations, followed increments of statistics: 6.1 percent in March, 6.4 percent in April and 7.2 percent in May.
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