The increase in the rate is explained by the increase in the cost of services, which registered an inflation of 4.1% compared to 3.7% the previous month
The interannual inflation rate in the eurozone increased two tenths in May, to 2.6%, especially pushed for him increase in the cost of servicesas confirmed this Tuesday by the community statistics office Eurostat.
Despite this increase, advanced by Eurostat at the end of May, the European Central Bank (ECB) in its meeting on June 6 cut interest rates for the first time since the start of its escalation in 2022, although it warned that sales are not guaranteed to continue in the coming months.
The community statistics office has also confirmed that the Underlying inflationwhich excludes energy, food and tobacco because they are more volatile and which serves as a reference for the ECB in its monetary policy decisions, also went up two tenths in May, up to 2.9%.
The increase in the rate is explained by the increase in the cost of services, which recorded inflation of 4.1% compared to 3.7% the previous month; as well as for the rise in energy priceswhich in May grew by 0.3%, ending several consecutive months of declines.
Inflation of food, alcohol and tobacco fell two tenths in May, to 2.6%, as did that of non-energy industrial goods, whose rate was 0.7%, compared to the 0.9% registered in April.
