Eurozone inflation on expected lines – TDS

Research Team at TDS, notes that the preliminary reading of euro area inflation for May came in at -0.1% y/y, as markets expected.

Key Quotes

“The core measure printed at 0.8% y/y. Energy prices continue to weigh heavily on headline inflation, while services inflation rose to 1.0% y/y in May and core goods remained unchanged at 0.5% y/y. The unemployment rate for April was unchanged on the month at 10.2%, as expected.”