Euro area inflation leaped well above predictions in May on higher energy costs, bringing alleviation to the European Central Bank after market volatility that has affected its planned speed-up the process of monetary tightening.
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Inflation in the 19 nations using the euro jumped to 1.9 percent from 1.2 percent in April, EU statistics office Eurostat reported on Thursday, while analysts predicted a 1.6 percent increase.
The ECB has been trying to hold inflation below but close to 2 percent, a difficult goal, even with best in a decade economic figures. The ECB has spent months preparing investors for an end to its QE programme.