Sweden CPI Inflation Picks Up To 1.2% In February

(RTTNews) - Consumer prices in Sweden spiked 1.2% year-on-year in February, faster than the 0.6% increase in January, Statistics Sweden said on Thursday.

On a monthly basis, consumer prices increased 0.6%. Increased prices of electricity, clothing, furnishings & household goods, transport, and recreation & culture contributed to the upswing, the statistical agency said.

Meanwhile, the underlying CPIF inflation rate stood at 2.7%. Compared to January, the CPIF inflation rate stood at 0.6%.

The country's harmonized index of consumer prices increased by 2.8% on a yearly basis and by 0.6% on a monthly basis.