Sweden's May core inflation (excluding energy) rose to 0.5% from 0% in April, slightly above the analyst median of 0.3% but below the Riksbank's March projection of 0.9%; the rate remains near a 30-year low. European central bankers are monitoring whether higher energy prices from a potential Iran war will feed through to broader costs. Cuts to food and fuel taxes have helped shield households and lowered headline inflation in recent months. The Riksbank said it expects to keep short-term rates

Sweden's May core inflation (excluding energy) rose to 0.5% from 0% in April, slightly above the analyst median of 0.3% but below the Riksbank's March projection of 0.9%; the rate remains near a 30-year low. European central bankers are monitoring whether higher energy prices from a potential Iran war will feed through to broader costs. Cuts to food and fuel taxes have helped shield households and lowered headline inflation in recent months. The Riksbank said it expects to keep short-term rates at 1.75% in the near term while awaiting more data, but warned that upside risks to future price pressure persist.