Eurostat: Annual Inflation Down to 0.1% in Euro Area

Business » FINANCE | May 30, 2020, Saturday // 16:42| Views: | Comments: 0
Bulgaria: Eurostat: Annual Inflation Down to 0.1% in Euro Area

In May 2020, a month still marked with COVID-19 containment measures, euro area annual inflation is expected to be 0.1%, down from 0.3% in April according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in May (3.3%, compared with 3.6% in April), followed by services (1.3%, compared with 1.2% in April), non-energy industrial goods (0.2%, compared with 0.3% in April) and energy (-12.0%, compared with -9.7% in April).

 

 

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