ECONOMY

Inflation rate in April hits three-decade high at 6.4 percent

1:24 min
  • Inflation in Sweden hit a 30-year high last month, according to new figures from Statistics Sweden, landing at 6.4 percent in April.

  • It is a higher than expected figure, and price increases across a wider range of sectors are driving the climb.

  • "This is a very clear message to households to prepare for higher costs of living," says Arturo Arques, a private economist with Swedbank.