Euro area inflation increased to 3.2% year-on-year in May Euro area headline inflation rose to 3.2% year-on-year in May, driven by services. Core inflation was at 2.5%. The increase was partly due to Easter timing, with services leading the rise rather than energy.
Euro area inflation increased to 3.2% year-on-year in May
Euro area headline inflation rose to 3.2% year-on-year in May, driven by services.
Core inflation was at 2.5%. The increase was partly due to Easter timing, with services leading the rise rather than energy.
This development may support an interest rate hike by the European Central Bank.
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