India, June 26 -- Producer price inflation in Sweden increased further in May to the highest level in more than three years amid soaring energy costs, data from Statistics Sweden showed on Friday.
The producer price index climbed 6.6 percent year-on-year in May, faster than the 4.7 percent increase in April. Moreover, this was the fastest growth since February 2023, when prices rose 9.3 percent.
A 32.7 percent surge in prices for energy-related products largely drove the acceleration in May. Costs for capital goods rose 1.4 percent, while those for consumer goods declined by 2.7 percent.
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