Sweden sees highest inflation rate since 1991

Category: Business


Unlocking Word Meanings

Read the following words/expressions found in today’s article.

  1. inflation / ɪnˈfleɪ ʃən / (n.) – a continuing increase in the price of goods and services

    Meat is very expensive these days because of inflation.

  2. grapple with (something) / ˈgræp əl wɪθ / (phrasal v.) – to try to deal with something difficult

    Businesses are still grappling with the effects of the pandemic.

  3. exacerbate / ɪgˈzæs ərˌbeɪt / (v.) – to worsen something

    Poverty is usually exacerbated by corruption.

  4. fuel / ˈfyu əl / (v.) – to strengthen something

    The failures she experienced fueled her desire to succeed.

  5. seasonal / ˈsi zə nl / (adj.) – happening or needed only at a specific time of a year

    Our company usually hires seasonal staff in December.


Read the text below.

Inflation in Sweden increased last month to its highest level since 1991, officials said Thursday, as countries worldwide grapple with surging prices exacerbated by Russia’s war in Ukraine.

The consumer price index rose 6.4% in April from a year ago and was up from 6.1% in March, according to official figures from Statistics Sweden.

There was a “continued widespread price increase in April, including food, household equipment, restaurant visits and hotels,” statistician Mikael Nordin said.

High energy prices also were fueling inflation, a key factor in the rest of Europe and other parts of the world amid fears that the war may lead to an interruption of oil or natural gas supplies from Russia.

Statistics Sweden said food prices increased, with meat and vegetables being “the primary contributors” to the hike. Clothing and books saw seasonal price increases, while furnishing and household equipment prices “have now risen for six consecutive months.”

Prices also increased for home repairs and maintenance, transportation and other goods and services, the agency said.

Sweden, a member of the European Union, is not among the 19 countries that use the euro currency. Annual inflation in the eurozone hit a record-high of 7.5% last month.

The U.S. saw consumer prices jump to 8.3% last month from a year ago, remaining close to a four-decade high.

This article was provided by The Associated Press.

Viewpoint Discussion

Enjoy a discussion with your tutor.

Discussion A

  • Sweden has experienced inflation, with prices of products and services increasing. What price increases affect you the most? Why? Discuss.
  • What actions would you take to lessen the impact of the price increases (ex. eat at restaurants less, prioritize investing)? Discuss.

Discussion B

  • How do you feel about the continuing global price increase (ex. indifferent, fearful)? Discuss.
  • How do you think the ongoing war will affect us in the next few years (ex. in terms of the economy, peace and order)? Discuss.