New inflation figure: Food down,
Photo: Lars Schröder/TT

New inflation figure: Food down, gasoline up

Food prices fell 5.5 percent, while fuel prices rose almost 8 percent compared with March. The inflation rate halved to 0.8 percent, according to final figures for April.

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Inflation fell sharply to 0.8 percent in April on the CPIF measure, according to definitive figures from Statistics Sweden. In March, the inflation rate - the annual price changes - was 1.6 percent.

"In April, we saw a broad decline in food prices. In total, food and non-alcoholic beverages fell by 5.5 percent from March to April," said Caroline Neander, price statistician at Statistics Sweden, in a press release.

The drop in food prices is explained by a VAT reduction.

Fuel costs rose 8 percent from March to April, with diesel contributing the most. Over the year, fuel prices have risen 29 percent.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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