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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)
MAY FINAL HICP +0.3% M/M, +2.0% Y/Y; APR +1.6% Y/Y
MAY FINAL CORE HICP +0.2% M/M; +1.0% Y/Y; APR +0.7% Y/Y
- Headline EZ inflation rose further in May by 0.4pp to 2.0%, confirming the flash estimate and coming in line with market expectations.
- This marks the first reading above the ECB's current 'close to but below' 2% target and the highest level since October 2018.
- Core inflation ticked up to 1.0% in May, after dropping to 0.7% in Apr and showing the highest level since Feb 2021.
- Energy inflation was again the main driver of the uptick in HICP, rising by 13.1% y/y and adding 1.19pp to price growth.
- Food, alcohol and tobacco prices slowed further to 0.5% in May, down from 0.6% recorded in Apr, while service inflation ticked up to 1.1%, showing a two-month high.
- Prices for non-energy industrial goods edged higher to 0.7%, marking the second successive increase.
- Among the member states, the highest annual rates have been recorded in Luxembourg (+4.0%), Lithuania (+3.5%) and Estonia (+3.2%), while the Greece (-1.2%), Malta (+0.2%) and Portugal (+0.5%) saw the lowest inflation rates.
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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