Annual consumer price growth in the Euro Area accelerated for the first time since February, driven by a 0.1% month-on-month increase.
Euro Area annual inflation climbed to 3.2% in May from 3.0% in April, marking the first uptick in three months. The increase followed a 0.1% rise in the consumer price index over the previous month.
April’s inflation rate had matched March’s 3.0%, the lowest since September 2025. Analysts had expected a slight decline or stabilization, making the May print a surprise to consensus estimates.
ETFs tracking European equities, including EWG, GF, and EWI, showed muted reaction in early trading, while the EUR:USD pair remained steady near session lows.