Eurozone's inflation posts a higher-than-anticipated increase.
Previously released numbers show that service costs rose by 4.1% in May. In comparison, they rose by 3.7% in April. Though, the price rise for edibles, beverages, and tobacco decreased a bit from 2.8% to 2.6%.
Costs for energy products did not drop any further. They'd seen a 0.6% decrease in April but upped by 0.3% in May, judging by preliminary figures.
It's predicted that the highest inflation occurrences will happen in Belgium at 4.9%, Croatia with 4.3%, and Portugal with 3.9%. However, small price increases are expected in Latvia at 0.2%, Finland at 0.5%, Italy, and Lithuania, both 0.8%.
Germany has a 2.8% inflation rate in the eurozone, which is the average. Eurostat calculates the harmonized consumer price index for comparison purposes, whereas the Federal Statistical Office employs a different method. The latter forecasted a 2.4% inflation in Germany for May on a Wednesday.
