Energy crisis spurs talk of Sweden inflation shock

Central Bank Governor Stefan Ingves has shrugged off a surge in some commodity prices and cost pressures from supply bottlenecks as temporary.

Governor of Sveriges Riksbank, the central bank of Sweden, Stefan Ingves | Photo: Tt News Agency/Reuters/Ritzau Scanpix/VIA REUTERS / X02350

Swedish inflation could reach the highest level since the financial crisis as the natural gas crunch sends ripples through the global economy. 

European benchmark prices have more than tripled this year. While the fuel isn't a widely used commodity in the biggest Nordic country, it has sent other energy prices from electricity to carbon emission permits soaring, raising costs for everything from chemicals to auto parts. 

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