Sweden’s consumer prices unexpectedly rose in July from a year earlier, while the country's finance minister warned about more economic turbulence to come.
“There’s still a challenging situation for the Swedish economy,” Anders Borg said, according to Bloomberg. “We must try to protect the economy and inject more energy.”
He said the country’s labor market will remain weak through 2014 as economic hurdles persist.
Sweden is vulnerable to developments abroad as it exports about 50 percent of its output, with some 70 percent of exports goes to Europe.
Consumer prices rose an annual 0.1 percent after declining 0.1 percent the previous month, Statistics Sweden said.