The euro area annual inflation rate was 6.1 per cent in May this year, down from 7 per cent in April, according to European Union (EU) statistical office Eurostat. The rate was 8.1 per cent a year earlier.Annual inflation in the EU was 7.1 per cent during the month, down from 8.1 per cent in April. A year earlier, the rate was 8.8 per cent.
Annual inflation in the EU was 7.1 per cent during May 2023, down from 8.1 per cent in April. A year earlier, it was 8.8 per cent. The euro area annual inflation rate was 6.1 per cent during the month, down from 7 per cent in April, according to Eurostat. It was 8.1 per cent a year earlier. Compared with April, annual inflation fell in 26 EU member states.
Compared with April, annual inflation fell in 26 EU member states and rose in one.
The lowest annual rates were registered in Luxembourg (2 per cent), Belgium (2.7 per cent), Denmark and Spain (both 2.9 per cent).
The highest annual rates were recorded in Hungary (21.9 per cent), Poland and Czechia (both 12.5 per cent).
Fibre2Fashion News Desk (DS)
