In Sweden, inflation reached 3.6% in November amid rising electricity and fuel prices, a record for the past 28 years.
The report was released by the country’s Statistics Office, citing Prime.
According to the consumer price index, inflation in November 2021 amounted to 3.6 percent. The increase in electricity and fuel prices was mainly due to the level of inflation, “the statement said.
According to statistician Michael Nurdi, the rise in energy prices has led to the highest inflation rate since December 1993.
The European Union has faced a sharp rise in gas prices, which has pushed up electricity prices. As a result, it puts pressure on consumers and the economy. One of the reasons for the rise in prices was the low level of gas in storage before the start of the heating season.