Euro Zone Inflation Rises to 3.2% in May on Higher Energy Costs
Energy inflation climbed 10.9% as euro zone price growth stayed above the European Central Bank's 2% target, officials said.
- Euro zone inflation rose to an estimated 3.2% in May, matching Reuters poll forecasts but remaining above the European Central Bank's 2% target as energy costs surged.
- Energy prices climbed 10.9% in May, up from 10.8% the previous month, as elevated oil and gas costs persist following the conflict in Iran.
- Services inflation rose to 3.5% from 3% in April, while food, alcohol and tobacco prices cooled to 2% from 2.4%, revealing divergent sectoral pressures.
- Inflation varied sharply across markets: Germany saw annual inflation fall to 2.7% from 2.9%, France rose to 2.8%, and Greece and Lithuania reported rates above 5%.
- Prior to the conflict in Iran, euro area inflation had dipped below the European Central Bank's 2% threshold, underscoring how energy shocks have reshaped the region's monetary policy landscape.
28 Articles
28 Articles
Higher oil prices due to the Iran war lead to a surge in inflation in the eurozone. In May, consumer prices rose by 3.2 percent year-on-year. An increase in interest rates is becoming more and more likely.[more]]>
Inflation in the euro area is expected to rise to 3.2 percent in May.
The annual inflation rate in the Eurozone is expected to be 3.2 percent in May 2026, which is an increase compared to April when it was 3 percent, Eurostat announced today a flash estimate.
In May this year, annual inflation in the euro area is expected to reach 3.2 percent, and in Lithuania – 5.1 percent, Eurostat announced preliminary estimates on Thursday. According to its data, higher annual inflation is forecast only in Bulgaria – 6.3 percent.
Inflation in Europe has risen further to 3.2 percent year-on-year. The high energy prices resulting from the closure of the Strait of Hormuz, which now…
Inflation in the eurozone exceeded 3% for the first time in more than two and a half years, boosting expectations of an interest rate hike at the European Central Bank's next meeting. In May, consumer prices in euro area countries rose by 3.2% in annual terms, compared with 3% in April.
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