Eurozone CPI confirmed at 0.3% year-on-year in May

FXStreet (Mumbai) - The data released by the Eurostat on Wednesday confirmed the inflation as measured by the consumer price index (CPI) at 0.3% year-on-year and 0.2% month-on-month.

The core CPI was confirmed at 0.9% year-on-year as expected. The Eurostat report showed the largest upward impacts to euro area annual inflation came from vegetables (+0.09 percentage points), restaurants & cafés (+0.08 pp) and tobacco (+0.07 pp), while fuels for transport (-0.34 pp), heating oil (-0.15 pp) and gas (-0.08 pp) had the biggest downward impacts.