In southern Sweden, people are, perhaps not entirely unexpectedly, the most worried. As is well known, electricity prices are the most expensive in electricity area SE4, which includes Skåne and Blekinge.
– The clearest connection to inflation is the electricity prices, because they have been so high now – especially in southern Sweden, says Torbjörn Sjöström, CEO of Novus to SVT.
Among those who worry the most are SD voters, low-income earners and LO members as well as people who live in tenements.
The result lends support to previous measurements which show that the borrowing middle class does not feel any major concern about inflation despite their large loans. This is because the middle class does not expect the Riksbank to dare to raise interest rates to the levels required to bring inflation under control.
Despite an inflation of around 10 percent, believe according to Today’s Industry a majority of borrowers do not believe that the Riksbank dares to raise the interest rate even to 3 percent. This would mean that the authority is trying to fight rampant inflation with a negative real interest rate of around 7 percent – a behavior that is contrary to accepted economic theory and has never before been successful in any country in the history of the world.
Source: Fria Tider by www.friatider.se.
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