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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE DATA
MNI (London)
EZ MAY FLASH HICP +0.3% M/M; +2.0% Y/Y; APR +1.6% Y/Y
EZ MAY FLASH CORE HICP +0.2% M/M; +0.9% Y/Y; APR +0.7% Y/Y
- EZ inflation rose further to 2.0% in May, coming in slightly above expectations (BBG: +1.9%).
- Annual HICP rose to the highest level since Oct 2018, above the ECB's target for the first time since then.
- Core inflation ticked up to 0.9% in May, confirming market forecasts and showing a two-month high.
- May's uptick was driven by another sharp gain of energy inflation, rising by 13.1% after increasing 10.4% in Apr.
- This marks the third successive positive rate, as energy prices are compared to the unusually low levels seen in 2020 at the beginning of the pandemic.
- While non-energy industrial goods prices ticked up to 0.7% and service prices accelerated to 1.1%, food inflation remained unchanged at 0.6%.
- Among the member states, Luxembourg (4.0%), Lithuania (3.5%) and Estonia (3.1%) recorded the largest rates, while Greece (-1.1%) was the only country to post a decline of consumer prices.
Source: Eurostat
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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