Euro area CPI jumps in May as energy and services prices snap higher
By Alexander Bueso
Date: Thursday 17 Jun 2021
(Sharecast News) - Revised data confirmed May's acceleration in the cost of living in the euro area on the back of sharp increases in energy and services prices.
According to Eurostat, the single currency bloc's Consumer Price Index advanced at a month-on-month pace of 0.3%.
That took the annual rate of gain from 1.6% in the month before to 2.0%.
Pacing increases were energy and tobacco prices, which shot up by 13.1% and 1.9%, respectively, versus April.
Services prices also rose sharply, jumping by 1.1% on the month, as did prices of non-energy industrial goods, which were 0.7% dearer in May.
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN