Eurozone's harmonized consumer price index rises 0.4% in May
Eurostat released its final consumer price inflation data for the Eurozone on Thursday. Eurozone's harmonized consumer price index rose 0.4% in May, exceeding expectations for a 0.3% gain, after a flat reading in April.
On a yearly basis, Eurozone's final consumer price inflation increased to -0.1% in May from -0.2% in April, in line with the preliminary reading.
Restaurants and cafés prices were up 0.12% year-on-year in May, rents increased by 0.07%, tobacco rose by 0.07%, fuel prices for transport declined by 0.53%, heating oil prices decreased by 0.20%, while gas prices were down by 0.13%.
Eurozone's final consumer price inflation excluding food, energy, alcohol and tobacco rose to an annual rate of 0.8% in May from 0.7 in April, in line with the preliminary reading.