Eurozone's inflation surged in May, with overall CPI hitting 2.6% YoY, up from April's 2.4%. Core CPI also rose to 2.9% from 2.7%. Despite this, ECB is still expected to cut rates, but plans may be affected.
Euro-Zone Inflation Up More Than Expected Before ECB Cut While the June rate cut is still expected, this dramatically reduced the odds of a July cut. Still, underlying forces point to one-off effects in Germany which indicate disinflation still in place https://t.co/X2uszhNR8x https://t.co/6sMeOaIDob
Inflation rose in Europe in May but its central bank is still set to cut interest rates before the Fed. https://t.co/jgWOQj9Qfz
Euro-zone inflation up more than expected before ECB cut https://t.co/7JTu1cfC71 https://t.co/WazfUTgUkz
Euro-area inflation accelerates more than anticipated and clouds the ECB’s rate-cutting plans. https://t.co/DLSfgj4HFx
Euro zone inflation increased to 2.6% in May from 2.4% in April, according to a flash reading from the European Union’s statistics agency, but bloc still seen heading for interest rate cut: CNBC 🇪🇺
Euro zone inflation rises by more than expected in May - Eurostat https://t.co/EOEL1t87Vp https://t.co/mcVKBeOHXm
ECB Centeno: May inflation acceleration only slightly above forecast. https://t.co/9a2PlS3IWF
Inflation in the 20-nation eurozone rose faster than expected in May. But the European Central Bank is still expected to cut interest rates at a meeting on June 6. https://t.co/EyXRCRtyM0
Higher #inflation in the #Eurozone is unlikely to stand in the way of an #ECB rate cut next week, but further plans have become more muddled, according to analysts. $EUR European Editor @EricCulpLS reviews the May inflation report here: https://t.co/yBc7jISMEl https://t.co/kupnqRMlZS
#EuroZone #inflation rises higher-than-expected in May just as #ECB prepares to cut rates https://t.co/NCtoHdtrnj
Euro zone inflation rose in May in new signal for ECB caution on rates https://t.co/mhRVxQAV68
Eurozone Inflation Rises to 2.6% in May, Highest Since February, ECB Prepares Rate Cut https://t.co/MgiaY0rxSZ
Euro zone inflation rises to 2.6% in May, but bloc still seen heading for rate cut @CNBC https://t.co/oaWPyC8Foq
OUCH! Eurozone's #inflation rose faster than expected in May ahead of #ECB meeting. Overall CPI accelerated to 2.6% in May YoY, up from April's 2.4%. Even worse: downtrend in core inflation reversed w/core CPI ticked up to 2.9% in May from 2.7% in April. Analysts surveyed by… https://t.co/OsLCKi9B2x