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Investing.com -- Consumer prices in Sweden saw a slight increase of 0.2% in April compared to the previous month, according to the statistics office (SCB).
This represents a 2.3% increase from April of the previous year.
When the volatile energy prices are excluded, the inflation rate for April was 0.5% compared to March, and 3.1% compared to the same month last year.
These figures are in line with the initial estimates that were released last week.
Despite the inflation rate being above the central bank’s target of 2%, the Riksbank attributes the overshoot to certain technical factors.
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