EU prices keep increasing in May

EU prices keep increasing in May

Annual inflation in the European Union continued to rise in May, reaching 2.3%, up from 2% in April, according to final data issued by the EU’s statistical office, Eurostat, on Thursday.

Eurostat said the lowest annual rates were registered in Greece (-1.2%), Malta (0.2%) and Portugal (0.5%). The highest annual rates were recorded in Hungary (5.3%), Poland (4.6%) and Luxembourg (4%).

The statistical office said a sharp spike in energy prices and more expensive services boosted consumer inflation, with energy prices adding 1.19 percentage points to the overall year-on-year figure and services 0.45 percentage points, while food, alcohol and tobacco added 0.15 percentage points.

 

SEARCH

[%EVENTS_SIDEBAR%]
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.