Eurozone final CPI arrives at 1.9% y/y in May, matches estimates

Dhwani Mehta FXStreet

According to Eurostat’s final reading of Eurozone CPI report, the consumer prices came in at 1.9% on a yearly basis, confirming the flash estimate. While the core figures matched the first readout of 1.1%.

On a monthly basis, the bloc’s CPI figure for May accelerated to 0.5% versus 0.5% expected and 0.3% previous while the core CPI numbers also edged higher to 0.3% versus 0.3% expected and 0.2% last.

Separately, the Eurozone trade balance report for April was released, showing that the trade surplus (seasonally adjusted) in the 19-nations bloc arrived at EUR 18.1B versus EUR 20.2B expected and EUR 21.2B last.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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