Swedish Retail Sales Fall Most on Record as Inflation Bites

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Swedish retail sales slumped the most on record in February as soaring inflation and rising credit costs continue to take their toll on the Nordic region’s biggest economy.

Last month’s retail sales fell 9.4% from a year earlier, led by a decline in durable goods, data from Statistics Sweden showed on Wednesday. The fall was the biggest on record dating back to 1992 when the country underwent a banking and property crisis.

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