Euro area inflation declines. Euro area annual inflation is projected to decrease to 6.1% in May 2023. This information comes from a flash estimate released by Eurostat, the statistical office of the European Union.
This figure marks a decline from the previous month’s rate of 7.0% in April.
Among the major components of euro area inflation, food, alcohol & tobacco are anticipated to exhibit the highest annual rate in May at 12.5%, down from 13.5% in April.