Euro area annual inflation expected to go down to 0.1%

Miguela Xuereb

The eurozone annual inflation is expected to be 0.1%, down from 0.3% in April this year according to a flash estimate from Eurostat, the statistical office of the European Union.

According to the statistics, in May 2020 a month still marked with COVID-19 containment measures, the main components of euro area inflation, show that food, alcohol & tobacco are expected to have the highest annual rate of 3.3%, compared with 3.6% in April, followed by services 1.3%, compared with 1.2% in April, non-energy industrial goods, 0.2%, compared with 0.3% in April and energy, -12.0%, compared with -9.7% in April.

The eurozone consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

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