Eurozone inflation matched the flash estimate in May, while core inflation accelerated beyond expectations, official data showed Wednesday.
Inflation advanced to 3.2 percent, the strongest since September 2023, and remained unchanged from the estimate published on June 2. This followed April's 3.0 percent increase.
Inflation has remained above the European Central Bank's medium-term target of 2 percent for the third straight month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.