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Sweden’s producer prices increased to the highest level in nearly two years in April, figures from Statistics Sweden showed on Tuesday.

The producer price index grew 5.6 percent year-on-year in April, following a 3.8 percent rise in March. Prices rose for the third month in a row.

The latest inflation was the highest since March 2019, when prices was 6.3 percent.

Import prices increased 3.6 percent yearly in April and rose 2.2 percent from a month ago.

Export prices grew 3.4 percent annually in April and increased 3.3 percent from the previous month.

On a monthly basis, producer prices rose 1.7 percent in April.


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