Eurozone inflation rate rises slightly to 2.6%

Inflation has risen in Europe (Niall Carson/PA)

Inflation in the eurozone has risen slightly to 2.6% but investors still expect the European Central Bank (ECB) to cut interest rates next week.

The official figure for the 20 countries that use the euro compares to 2.4% in April, according to European Union statistics agency Eurostat. Markets had expected 2.5% for May.