2024-06-18 05:12:37 ET
- Annual inflation rate in the Euro Area increased to 2.6% in May 2024 from 2.4% in each of the previous two months, in line with the preliminary figures.
- The largest upward contribution came from the services sector.
- Meanwhile, the core rate which excludes prices for energy, food, alcohol and tobacco also increased to 2.9% from 2.7%.
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Euro area inflation rate accelerates to 2.6% in May as expected