June 18, 2018

According to figures published by Eurostat, the statistical office of the European Union, Euro area annual inflation rate was 1.9% in May 2018, up from 1.3% in April. A year earlier, the rate was 1.4%. European Union annual inflation was 2.0% in May 2018, up from 1.5% in April. A year earlier, the rate was 1.6%.

The lowest annual rates were registered in Ireland (0.7%) and Greece (0.8%). The highest annual rates were recorded in Romania (4.6%) and Estonia (3.1%). Compared with April 2018, annual inflation fell in one Member State, remained stable in one and rose in twenty-six.

In May 2018, the highest contribution to the annual euro area inflation rate came from services (+0.72 percentage points), followed by energy (+0.58 pp), food, alcohol & tobacco (+0.50 pp) and non-energy industrial goods (+0.08 pp).

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