Eurostat confirms Eurozone inflation at 2.6 percent in May

Brussels–Inflation in the euro area rose in May compared with April. It came in at 2.6 percent. Eurostat confirmed preliminary data, certifying the reversal of the trend of previous months. The uptick was due in particular to price developments for services (+1.83 percentage points, pp), followed by food, alcohol, and tobacco (+0.51 pp), non-energy industrial goods (+0.18 pp), and energy. (+0.04 pp). 

To see whether the downward parabola of inflation has really narrowed and is set to rise, we need to wait until July 2, when the European Statistical Office will release its preliminary estimates for June.