Euro zone inflation rose to 2.6 percent in May
Eurozone inflation was higher than the 2.5 percent expected by analysts, at 2.6 percent in May, exceeding April’s 2.4 percent, Eurostat, the statistical office of the European Union, announced as non-final data on Friday.
A year earlier, in May of last year, the rate of annual increase in the euro zone consumer price index was 6.1 percent.
In a monthly comparison, consumer prices increased by 0.2 percent in May after 0.6 percent in April.
According to Eurostat’s preliminary calculations, energy prices rose by 0.3 percent year-on-year in May, after an annual decrease of 0.6 percent was recorded in April.
The annual growth rate of the prices of food, alcoholic beverages and tobacco products slowed to 2.6 percent in May from 2.8 percent in April.
Related news
European Central Bank: Water scarcity is the most significant natural risk to the European economy
Surface water scarcity is the most significant natural risk to…
Read more >Only two EU countries have higher inflation than Hungary
The European Inflation Outlook of the Private Banker compared the…
Read more >Consumer prices in the euro area rose by 2.2 percent in April, following March
The annual inflation rate in the euro area was 2.2…
Read more >Related news
Food Price Margin Reduction Extended Until the End of August
István Nagy, Hungary’s Minister of Agriculture, announced on his official…
Read more >Profitability of trade is decreasing – the government is opening up substantial resources
On May 28, Laurel Számítástechnikai Kft. held its 12th Retail…
Read more >Rules on meat products are getting stricter – a new concept is also included in the regulation
A new regulatory amendment has been proposed in Hungary: the…
Read more >