Sweden's consumer price inflation increased more-than-expected in May to the highest level in seven months, flash data from Statistics Sweden showed on Thursday.
The consumer price index, or CPI, rose 0.8% year-over-year in May, reversing April's renewed fall of 0.1%. Prices were expected to increase by 0.5%. Moreover, a similar inflation rate was last seen in October 2025.
The upward trend in inflation was mainly driven by higher energy and services prices, Mikael Nordin, a statistician at Statistics Sweden, said.
Housing and utility costs rebounded 2.6% from last year, and inflation based on transportation accelerated to 6.0% from 5.2%. Meanwhile, the deflation in food and non-alcoholic beverages deepened to 6.3% from 5.7%.
Inflation based on the consumer price index with a fixed interest rate rose to 1.5% in May from 0.8% a month ago.
On a monthly basis, consumer prices increased 1.0% versus an expected rise of 0.7%.
