In May, consumer prices in the Eurozone rose by 3.2% year-on-year… (годовой · инфляция · еврозона)
In May, consumer prices in the Eurozone rose by 3.2% year-on-year according to final data from the European Union's statistical office, Eurostat. This marks an acceleration compared to April, when inflation stood at 3%, and represents the highest level since September 2023. The figure aligned with both preliminary estimates and the consensus forecast of Trading Economics analysts surveyed. Energy prices surged by 10.8% year-on-year in May, matching the previous month's increase due to ongoing conflict in the Middle East. Industrial goods prices rose by 0.9% (up from 0.8% in April), while serv…
Consensus
- Eurozone inflation rose to 3.2% year-over-year in May, the highest since September 2023
- Energy prices increased by 10.8% year-over-year in May due to the Middle East conflict
- Inflation was driven by services costs rising 3.5% and food, alcohol, and tobacco prices rising 1.9%
- The highest inflation rates were recorded in Romania (9.7%), Bulgaria (6.3%), and Lithuania (5.1%)
- The lowest inflation rates were in Sweden (1.1%), Denmark (1.8%), and Czech Republic (1.8%)
- Eurostat provided the official data, which matched preliminary forecasts
Points of divergence
- Inflation in the eurozone was 3.2% in May, up from 3% in April — kommersant
- Eurozone inflation was 3.3% in May, up from 3.2% in April — interfax
- Core inflation (excluding food and energy) rose to 2.6% year-over-year — interfax