Eurozone inflation inches higher as confidence hit

INFLATION levels, for the eurozone as a whole inched higher in May in tandem with a decline in general economic confidence.

The EU’s central statistics office – Eurostat – forecast, yesterday, that the rate of inflation across the 16 of the 27 EU member states which have the euro as their national currency rose to 1.6% in May. This would be in line with the trend in recent months, which has seen a consistent monthly rise of 0.1%.

The rate went from 1.4% in March to 1.5% in April.