Statistics Sweden: Continued Rise in Unemployment
Unemployment continues to increase in February compared to previous months.
BusinessUnemployment continues to increase in February compared to previous months.
BusinessThe Government summons the food companies due to the soaring food prices. The Left Party leader Nooshi Dadgostar simultaneously joins the announced boycott of the food giants next week. This is a robbery, she says.
BusinessFood prices increased by 3.9 percent in February compared to the same month last year. It is the highest growth rate in over a year. Coffee and dairy products are rising the most. "Alarming", according to an economist.
BusinessInflation has risen unexpectedly much during the year's first months. So far, I am not worried, says Finance Minister Elisabeth Svantesson (The Moderate Party).
BusinessInflation is now rising unexpectedly much. The consequence: an interest rate cut from the Central Bank is seen as very distant, according to analysts. Instead, there is a certain risk of interest rate hikes.
BusinessThe Stockholm stock exchange opened Thursday's trading slightly up, but the trend turned and the broad OMXS index closed at minus 0.2 percent.
BusinessInflation in February is expected to rise to 2.7 percent according to the CPIF measure, up from 2.2 percent in January. This is mainly due to higher electricity prices. Despite this, the Swedish Central Bank may offer an interest rate cut later this year.
BusinessMore in Statistiska centralbyrån
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