Swedish Inflation Hits Target Again in Relief to Riksbank

Swedish inflation was back at the target in April, bringing comfort to the Riksbank as it struggles to bring interest rates back above zero after years of extreme monetary policy.

Consumer prices with a constant interest rate rose an annual 2.0% in April, according to Statistics Sweden. That was in line with the 2.0% predicted in a survey of economists, but just below the 2.1% estimate from the central bank.