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Investing.com -- Sweden's annual inflation rate has fallen to 0.5% in March 2025, down from 1.3% in February, marking the lowest level since December 2020.
This decrease also signifies the eighth consecutive month that inflation has stayed below the Riksbank's 2% target.
Notably, the deceleration in prices was most apparent in the clothing and footwear sector, which saw inflation drop to 1.4% from 3.8% in February, and in the recreation and culture sector, where inflation fell to 0.6% from 2.2%.
Moreover, costs continued to decline for housing and utilities, dropping to -2.8% from -0.4%, and for transport, falling to -2.1% from -0.8%. Contrarily, food inflation saw an increase, accelerating to 5.4% from 3.9%.
In the meantime, the Consumer Price Index (CPI) with a fixed interest rate, which is the Riksbank’s target measure, rose by 2.3% in March. This aligns with preliminary figures and is a slight ease from February’s one-year high of 2.9%.
On a monthly basis, consumer prices decreased by 0.7% in March, a reversal from the 0.9% rise seen in the previous month.
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