Eurozone CPI meets forecasts of rising 0.3%

June 17, 2015 12:44 PM

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Eurozone CPI meets forecasts of rising 0.3%

Annual inflation rate in both Eurozone and EU rose 0.3% in May, according to data issued by the statistical office of the European Union (EU), Eurostat.

Inflation was previously projected to be 0.3% as compared to 0.2% in April.

The core consumer price index (CPI) was confirmed at 0.9% year-on-year as expected.

The Eurostat report showed that “the largest upward impacts to euro area annual inflation came from vegetables (+0.09 percentage points), restaurants & cafés (+0.08 pp) and tobacco (+0.07 pp), while fuels for transport (-0.34 pp), heating oil (-0.15 pp) and gas (-0.08 pp) had the biggest downward impacts.”


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