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Sweden’s inflation rate fell sharply in July
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Famagusta Gazette
Sweden’s inflation rate fell sharply in July, preliminary data shows, largely due to lower energy prices and temporary government measures aimed at reducing household costs.
Inflation measured by the Consumer Price Index (CPI) fell to 0.2 percent in July from 0.7 percent in June.
Inflation measured by the Consumer Price Index with a fixed interest rate (CPIF), the gauge targeted by Sweden’s central bank, dropped to 0.7 percent from 1.3 percent, according to Statistics Sweden.
“Energy prices decreased significantly in July, which contributed to a lower inflation rate according to CPI and CPIF,” Statistics Sweden statistician Mikael Nordin said.
Sweden’s central bank, the Riksbank, targets annual CPIF inflation of 2 percent.