City
Epaper

Sweden inflation eases, unemployment rate falls

By IANS | Updated: August 26, 2022 15:17 IST

Stockholm, Aug 26 Sweden's producer price inflation eased to a five-month low in July, while the unemployment rate ...

Open in App

Stockholm, Aug 26 Sweden's producer price inflation eased to a five-month low in July, while the unemployment rate declined for the first time in three months, official figures revealed on Friday.

The figures from Statistics Sweden showed that producer price index climbed 20.4 per cent year-on-year in July, slower than the 25.6 per cent surge in June, reports dpa news agency.

This was the slowest rate of increase since February, when prices had risen 19.3 per cent.

Prices for energy related goods jumped 55.6 per cent from last year and those for consumer goods gained 14.4 per cent.

On a monthly basis, producer prices dropped 1.5 per cent in July.

Data also showed that import prices grew sharply by 32.0 per cent yearly in July and rose 0.6 per cent from a month ago.

Export prices increased 21.1 per cent in July compared to last year, while they fell 1.8 per cent from June.

Separate data from the statistical office showed that the jobless rate decreased to 6.4 per cent in July from 8.6 per cent in the previous month.

There were 373,000 unemployed people in July, a decrease of 82,000 compared to the same month last year.

Meanwhile, the employment rate rose to 71.7 per cent in July from 70.7 per cent in the prior month.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: swedenStockholm
Open in App

Related Stories

InternationalSweden Mass Shooting: 3 Killed, Multiple Injured in Uppsala Attack

InternationalSweden Shooting: Five People Shot at School in Orebro

TechnologyMpox Outbreak 2024: Thailand Detects First Suspected Case of New Clade 1b Strain After Sweden

InternationalRussia-Ukraine War: Vladimir Putin Vows to Deploy Troops Along Finland Border After It Joins NATO

InternationalSweden's War Warning Triggers Panic Buying, Prepares Citizens for Potential Conflict

Politics Realted Stories

MaharashtraPower Struggle in Maharashtra? Gulabrao Deokar, Satish Patil Join Ajit Pawar’s NCP Amid Mahayuti Rift

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill