Eurozone Preliminary CPI accelerates to 2% YoY in May, beats estimates

According to Eurostat’s preliminary reading of the Eurozone CPI report, the annual figure came in at 2% in May, outpacing expectations of 1.9% while accelerating from April’s 1.6%.

The core figures steadied at 0.9% YoY in May when compared to 0.9% expectations and 0.7% booked in April.

more to come ....