Inflation data for the euro area and the European Union in May 2024
June 18, 2024
The annual inflation rate in the euro area rose to 2.6% in May 2024 from 2.4% in April, compared with 6.1% a year earlier. EU annual inflation was 2.7% in May 2024, also up from 2.6% in April but up from 7.1% a year earlier. The data were published by Eurostat, the statistical office of the European Union. The lowest annual inflation rates were registered in Latvia (0.0%), Finland (0.4%) and Italy (0.8%), while the highest rates were recorded in Romania (5.8%), Belgium (4.9%) and Croatia (4.3%). Compared with April, annual inflation fell in eleven Member States, remained stable in two and rose in fourteen.