Annual inflation in the eurozone is expected to stand at 3.2% in May 2026, up from 3% in April. This was reported by Eurostat, the statistical office of the European Union, in a flash estimate. Among the major economies, inflation in Italy is expected to stand at 3.3%, up from 2.8% in April. The estimate for Germany is a rate of 2.7%, (2.9% in April), while France should record inflation at 2.8% (2.5% in April) and Spain 3.6% (3.5% in April). Looking at the main components of inflation in the Eurozone, Eurostat expects energy to record the highest annual rate in May (10.9%, compared to 10.8% in April), followed by services (3.5%, compared to 3% in April), food, alcohol and tobacco (2%, compared to 2.4% in April) and non-energy industrial goods (0.9%, compared to 0.8% in April).
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