Sweden's Core Inflation Rises to 0.5% in May; Central Bank Holds Rates at 1.75%

According to Jin10, Sweden's core inflation rate rose to 0.5% in May, slightly above analyst forecasts of 0.3%, according to preliminary data released by Statistics Sweden on June 4. The increase from 0% in April signals a modest uptick but remains near historical lows of the past three decades.

The Swedish central bank stated it expects to maintain its key interest rate at 1.75% in the near term while gathering additional economic data. The bank also noted that risks of sustained price pressures remain present, as policymakers monitor potential energy price impacts from Middle East tensions.