Euro area annual inflation rate is expected to be 2.6% in May, up from 2.4% in April; the rate was 6.1% a year earlier: Eurostat

LUXEMBOURG , May 31, 2024 (press release) –

Overview
Euro area annual inflation is expected to be 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, services is expected to have the highest annual rate in May (4.1%, compared with 3.7% in April), followed by food, alcohol & tobacco (2.6%, compared with 2.8% in April), non-energy industrial goods (0.8%, compared with 0.9% in April) and energy (0.3%, compared with -0.6% in April).

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