Riksbank welcomes higher inflation
Minutes of last monetary policy meeting caution krona has appreciated faster than previously forecast
Sveriges Riksbank welcomed the higher inflation registered in Sweden during the summer, according to the minutes of the last monetary policy meeting, held on September 6. In July, consumer price rises exceeded the 2% target for the first time in five years.
But the executive board of the central bank also noted that “there are some temporary factors behind the most recent upturn in inflation”. The prices of international flights and packaged holidays pushed the consumer price index up.
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