{"id":482002,"date":"2026-06-17T13:56:08","date_gmt":"2026-06-17T13:56:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/482002\/"},"modified":"2026-06-17T13:56:08","modified_gmt":"2026-06-17T13:56:08","slug":"euro-area-inflation-accelerates-in-may-as-services-inflation-remains-stubborn","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/482002\/","title":{"rendered":"Euro area inflation accelerates in May as services inflation remains stubborn"},"content":{"rendered":"<p>CPI +3.2% vs +3.2% y\/y prelimPrior +3.0%Core CPI +2.6% vs +2.5% y\/y prelimPrior +2.2%<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">Euro area headline annual inflation is confirmed at 3.2% in May, nudging up from the 3.0% estimate in April. That marks the highest reading since September 2023, with higher energy prices being the main culprit. Of note, energy price inflation was up 10.8% year-on-year on the month &#8211; matching the April estimate.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">Meanwhile, the key sticking point remains services inflation. And that is what contributed to the push up in core prices as well. Services inflation was seen at 3.5% in May, up from 3.0% in April.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">In contrast, food price inflation fell slightly to 1.9% in May &#8211; down from 2.4% in April.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">But at the balance, that still leads to a higher core annual inflation estimate (one that is revised higher in fact) of 2.6% &#8211; the highest since April last year.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">As such, stagflation woes continue to grow for the ECB ahead of the summer.<\/p>\n","protected":false},"excerpt":{"rendered":"CPI +3.2% vs +3.2% y\/y prelimPrior +3.0%Core CPI +2.6% vs +2.5% y\/y prelimPrior +2.2% Euro area headline annual&hellip;\n","protected":false},"author":2,"featured_media":482003,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-482002","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/482002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=482002"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/482002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/482003"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=482002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=482002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=482002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}