May 31, 2024 09:03 GMT
MNI BRIEF: Eurozone Inflation Edges Higher In May
(MNI) LONDON
(MNI) London
Euro area inflation at 2.6% as core rises to 2.7% in May.
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Eurozone inflation edged higher in May, with both core and headline numbers above financial market expectations, Eurostat, said on Friday.
Headline inflation was 2.6%, above the expected 2.5%, while core rose to 2.9% from 2.7% in April.
The data will unnerve some policymakers at the European Central Bank ahead of an expected cut in interest rates on June 6, but will probably be a greater impact on future policy moves than at the next meeting.
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