Eurozone inflation climbs to 3.2% as energy surge fuels ECB rate bets
TL;DR Summary
Eurozone flash inflation rose to an estimated 3.2% in May from 3.0% in April, led by a 10.9% jump in energy prices, reinforcing expectations for a 25 basis-point ECB rate hike at the next meeting. Germany’s inflation fell to 2.7%, while Greece and Lithuania topped 5% and France rose to 2.8%. Markets price roughly a 94% chance of a hike as energy shocks persist amid the Iran war; the euro held around $1.164 and Bund yields fell modestly.
- Inflation hits 3.2% in the euro zone as Iran war pushes energy costs higher CNBC
- Eurozone Household Inflation Expectations Steady, But at High Level WSJ
- Euro area annual inflation up to 3.2% European Commission
- Euro zone consumers take benign view on inflation surge, ECB survey shows Reuters
- Euro-Zone Inflation Surpasses 3% for First Time Since 2023 Bloomberg.com
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