Bloomberg

Baker hikes price of Sweden's favorite bread on surging energy costs

Sweden's most-popular breakfast bread will get more expensive after energy prices soared to a record.

Solar panels and a wind turbine are part of the local power grid in Simris, Sweden, on April 19, 2021. Foto: Bloomberg photo by Mikael Sjoberg

Pagen, a bakery in the south, will increase prices for its sourdough lingonberry bread next month, after electricity costs tripled over the past year, according to a spokeswoman for the baker.

The firm, dating back almost 150 years, is as much a casualty of global energy and commodity inflation as it is of local geography. Sweden's aging electricity network means the country's abundance of cheap wind and hydro power in the north can't always get to where most people live...

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