Swedish c.bank's Breman says inflation still far too high

Inflation remains much too high in Sweden, although there are signs that price rises may be reaching a peak globally, Riksbank First Deputy Governor Anna Breman said in the text of a speech published by the central bank on Friday.

"Inflation has continued to rise and CPIF inflation has become higher than expected, very much due to electricity prices," Breman said.

"Excluding energy prices, inflation has been more in line with the Riksbank's forecast, although it is still far too high."