Euro area annual inflation up to 0.3%

The FINANCIAL — Euro area annual inflation is expected to be 0.3% in May 2015, up from 0.0% in April3, according to a flash estimate4 from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, services (1.3%, compared with 1.0% in April) is expected to have the highest annual rate in May, followed by food, alcohol & tobacco (1.2%, compared with 1.0% in April), non-energy industrial goods (0.3%, compared with 0.1% in April) and energy (-5.0%, compared with -5.8% in April), according to EU.