Consumer price inflation in Italy accelerated further in May to the highest level in more than two-and-a-half years, while the unemployment rate dropped to a series record low in April, separate reports from the statistical office showed on Friday.
Consumer price inflation accelerated to 3.2 percent in May from April's 2.7 percent, flash figures said. Moreover, this was the highest inflation rate since September 2023, when prices rose 5.3 percent.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.