Swedish inflation rate for Oct. down to 4 percent
Posted By ap 1 year ago in Business & FinanceSTOCKHOLM, Sweden (AP) _ Sweden's annual inflation rate fell back to 4.0 percent in October from 4.4 percent in September, mainly due to lower fuel prices, the national statistics agency said Thursday.
Statistics Sweden said consumer prices rose from September to October, but that the 0.2 percent rise was lower than it had been during the same period a year ago. The month was plagued by higher housing costs, especially increased mortgage interest costs, and bigger price tags on package holiday deals and tomatoes.
In a move to relieve the effects of the financial crisis on the Swedish economy, the country's central bank, the Riksbank, slashed its key interest rate by half a percentage point to 3.75 percent in late October.
1 View Share Story 0 Comments Report
Submitted By:
ap
By now you're probably trying to figure out the identity behind those cryptic initials. Alan Parsons? Alexia Prichard? No, they stand for Associated Press ...
More News
Daily Finance
No foosball, no hiring spree. Today's startups are smaller, leaner, faster
E-readers: Can the Kindle avoid repeating the video-game crash of '83?
Type 2 diabetes: Roche says its weekly drug works better than Merck's daily one
Reynolds: Smoke 'em if you got 'em. Then call us once you're ready to quit
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.