The Swedish krona jumped against the euro this morning after official data showed it had come out of deflation for the month of May.
The krona rose more than one per cent to 0.108 against the euro, and 0.56 per cent to 0.1217 against the dollar.
Prices in the country rose 0.1 per cent in May, up from a 0.2 per fall in April - beating expectations of a 0.1 per cent fall.
It seems Swedish meatballs are setting people back further, though: prices were pushed up by food, while clothing and footwear also jumped.
The news follows yesterday's upgrade of its inflation expectations, which rose to 1.8 per cent, from 1.7 per cent.
Colin Bermingham, an economist at BNP Paribas, suggested the figures were unlikely to encourage Sweden's central bank to lower its key interest rate, which currently stands a -0.25 per cent, further.