A clarification

After this post, I will stop complaining about Sweden's central bank and previous government for their idiotic decisions that led to this inflation.

Firstly, inflation would have come sooner or later but not as powerfully if the previous government had not dismantled half of Sweden's nuclear power plants without first replacing them with another energy source.

This, in combination with the previously negative policy rate during the current boom, created a perfect storm for many households.

Since this inflation did not come about through overconsumption, but mainly because of the rampant energy prices, Riksbanken's main and really only weapon, policy interest rate increases, will not work.

This means that all residents of Sweden will have to pay for this in one way or another.