Economy

Service Industries Inflation : Service industries such as hairdressers, gyms, and restaurants are experiencing a significant increase in prices, leaving experts puzzled about the reasons. Chief economists from SBAB and Swedbank suggest that the rising costs may be unreasonable and driven by companies taking advantage, while the demand for services is likely to decline as households face rising interest costs and financial constraints.
Riksbank raises interest rates to 4 percent : The Swedish central bank has announced a 0.25 percentage point increase, bringing the policy rate to 4.0 percent. The bank cites inflationary pressures and the weak krona as reasons for the rate hike, with further increases expected.