Euro area inflation growth in May 2024
May 31, 2024
Eurostat flash estimates that annual inflation in the euro area is expected to be 2.6% in May 2024, up from 2.4% in April. The highest annual inflation rate is expected in services, which could rise to 4.1% from 3.7% in April. Food, alcohol and tobacco inflation is expected to fall slightly to 2.6% from 2.8% in April. Non-energy industrial goods inflation may fall slightly to 0.8% from 0.9% in April. Energy price inflation, on the other hand, may increase to 0.3% from -0.6% deflation in April.
