Eurozone's annual inflation accelerated in May as initially estimated, final data released by statistical office Eurostat showed Friday.
Inflation as per the harmonized index of consumer prices (HICP) moved up to 1.4 percent in May from 1.2 percent in April, in line with the preliminary estimates. In March, the inflation rate was 1.7 percent.
The largest upward impacts on annual inflation came from fruit and vegetables and electricity, while fuels for transport, telecommunications and medical and paramedical services had the biggest downward impacts.
On a monthly basis, the HICP moved up 0.1 percent in May, the agency said.
Inflation in the European Union (EU) was 1.6 percent in May, higher than 1.4 percent recorded in April. Prices edged up 0.1 percent month-on-month in the EU.
The lowest annual rates were observed in Greece, Latvia and Cyprus, while Romania, Estonia and the Netherlands recorded the highest rates.
Core inflation in the currency bloc, excluding energy, food, alcohol and tobacco, rose to 1.2 percent in May from 1 percent in April. The outcome matched the flash estimates.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.