Riksbank Governor Thedéen said the Middle East war poses risks to future inf.

Most Fed districts reported inflation at a moderate-to-strong pace, with readings higher than in the prior report. Energy costs tied to the Middle East conflict were cited as the main inflation driver, spilling into shipping, packaging, grocery and fertilizer. Non-labor input costs continue to rise faster than selling prices, prompting broader concerns about margin compression; pass-through ability is uneven, especially among consumer-facing firms. Firms reported responses including supply-chain optimization, product adjustments, reduced supply and temporary absorption of higher costs to sustain demand.

The National Development and Reform Commission said domestic refined-fuel pricing will be adjusted from 24:00 today. The NDRC Price Monitoring Center said international oil prices fell then rose over the current adjustment cycle. Gasoline and diesel will be cut by 525 yuan/ton and 505 yuan/ton respectively, equivalent to retail reductions of 0.41 yuan/l for 92 RON gasoline, 0.44 yuan/l for 95 RON and 0.43 yuan/l for 0# diesel. A 50-liter fill of 92 RON gasoline will cost about 20.5 yuan less. The NDRC estimated logistics fuel costs will ease — a heavy truck running 10,000 km/month at 38 L/100 km would save roughly 763 yuan in fuel costs over the next two weeks.