Sweden's consumer prices decreased for the first time in six years as initially estimated in April amid a sharp fall in food costs, the latest data from Statistics Sweden showed on Wednesday.
The consumer price index (CPI), dropped 0.1% year-over-year in April, reversing March's increase of 0.5%. Further, this was the first decrease since April 2020. That was in line with the flash data published on May 6.
Prices of food and non-alcoholic beverages alone declined 5.7% from last year, and those of housing and utilities were 0.1% less expensive. Inflation based on clothing and footwear moderated to 1.2% from 1.6%.
On the other hand, transport charges grew markedly by 5.2% amid a 29.3% jump in fuel costs.
Inflation based on the consumer price index with a fixed interest rate moderated to 0.8% in April from 1.6% a month ago, as estimated.
On a monthly basis, consumer prices decreased at a stable rate of 0.6% in April, confirming the flash figures.
