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INFLATION

Entrepreneur inflation expectations drop: poll

The inflation expectations of Swedish entrepreneurs have fallen, the latest poll from Skop (Skandinavisk Opinion) published on Monday shows.

Published: 21 July 2010 15:42 CEST

A total of 33.8 percent believe price increases will rise faster in Sweden in the coming year, a decrease of 2.7 percentage points from the previous poll conducted in April and May.

A total of 13.1 percent of entrepreneurs believe in a slower average rate of price increases, an increase from 9.4 percent compared with the previous poll. Every other entrepreneur believes in firm growth.

“This breaks the upward trend that has been in place since early 2008,” Skop analyst Örjan Hultåker said in a press release. “Business inflation expectations are now at the year’s lowest level.”

The percentage of entrepreneurs and business leaders believe their own company’s prices could rise faster than earlier in the year ahead remains at a low level at 16.3 percent, up 2 percentage points.

Another 11.8 percent believe their company’s prices will increase more slowly, up 2.5 percentage points. However, companies that have a high proportion of exports see things differently.

They foresee a faster pace for price increases for their own company’s products and services, as well as prices in Sweden in general, according to Skop’s press release.

More than 700 entrepreneurs and business leaders were interviewed between June 17th to July 1st.

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ECONOMY

Spain’s inflation soars to 29-year high

Spanish inflation accelerated in November to its highest level in nearly three decades on the back of rising food and gas prices, official data showed Monday.

Published: 29 November 2021 13:10 CET
black friday spain
Black Friday sales can't disguise the fact for shoppers that life in Spain is getting increasingly expensive. Photo: GABRIEL BOUYS / AFP

Consumer prices jumped by 5.6 percent, up from a 5.4 percent increase in October, according to preliminary figures from national statistics institute.

That is its fastest pace since September 1992, when the rate was 5.8 percent.

The surge in inflation in the eurozone’s fourth-largest economy was due largely to a spike in food prices, followed by higher gas prices, the statistics office said.

Electricity costs, however, declined slightly after a month-long acceleration, it added.

As in other European Union nations, inflation in Spain has risen since the start of the year after consumer prices declined during most of 2020 due to the economic impact of pandemic lockdowns.

In October, eurozone inflation reached 4.1 percent, well above the European Central Bank’s target of two percent and equal to a high set in July 2008.

But the bank believes eurozone inflation will peak in November and is set to gradually slow next year as supply bottlenecks and the energy crunch ease, board member Isabel Schnabel said earlier this month.

Investors worry central banks will withdraw their stimulus measures sooner than expected to tame inflation.

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