Euro Area Inflation Rate Beats Forecasts


Consumer prices in the Euro Area are expected to rise 1.9 percent year-on-year in May of 2018, above 1.2 percent in April and market expectations of 1.6 percent. It is the highest annual inflation since April of 2017, mainly boosted by rising oil prices, preliminary estimates showed.

Energy is expected to have the highest annual rate in May (6.1 percent compared with 2.6 percent in April), followed by food, alcohol & tobacco (2.6 percent compared with 2.4 percent in April), services (1.6 percent compared with 1 percent in April) and non-energy industrial goods (0.2 percent compared with 0.3 percent in April).

Annual core inflation, which excludes volatile prices of energy and unprocessed food and tobacco and at which the ECB looks in its policy decisions, is expected to rise to 1.1 percent from 0.7 percent, above forecasts of 1 percent.

Euro Area Inflation Rate Beats Forecasts


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
5/31/2018 9:10:40 AM