In May, consumer prices in the euro area rose by 1.9% in annual terms after rising by 1.3% in April. Thus, inflation accelerated in May, its growth became the maximum for 13 months. The indicator coincided with the forecasts of analysts. Compared to the previous month, consumer prices increased by 0.5%. Without taking into account the price of energy, food and alcohol, consumer prices in the euro area increased by 1.1% in May in annual terms after rising by 0.7% in April. Annual inflation in the European Union accelerated in May to 2% compared with 1.5% a month earlier. Relative to April, prices increased by 0.5%. The highest inflation rate in annual terms was recorded in Romania – 4.6%, and Estonia - 3.1%. The lowest growth in consumer prices was observed in Ireland - by 0.7%, and Greece - by 0.8%.
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