Euro Area Inflation Rate at 6-Month High


Euro area annual inflation is expected to be 0.3 percent in May 2015, the highest since November last year and above market expectations. Cost of services and unprocessed food were the main contributors to the rise in the CPI, flash estimates showed.

Looking at the main components of euro area inflation, services (1.3 percent, compared with 1.0 percent in April) is expected to have the highest annual rate in May, followed by food, alcohol & tobacco (1.2 percent, compared with 1.0 percent in April), non-energy industrial goods (0.3 percent, compared with 0.1 percent in April) and energy (-5.0 percent, compared with -5.8 percent in April).

Core inflation rate which excludes prices of energy, food, alcohol and tobacco is expected to accelerate to 0.9 percent from 0.6 percent in April. 

Excluding energy, prices rose 1 percent.

Euro Area Inflation Rate at 6-Month High


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
6/2/2015 10:14:23 AM