Eurozone inflation ticks up again in May

These figures come after the European Central Bank (ECB) cut interest rates for the first time in nearly two years earlier this month

Latvia is currently experiencing the lowest rate of inflation across the bloc at 0% with Finland experiencing 0.4%. 

Annual inflation across the eurozone ticked back up to 2.6% during the month of May driven by rising service prices and food prices, new data from Eurostat shows.

The rate in April stood at 2.4%, the lowest since November last year before it went back up in December.