Eurozone Inflation Accelerates to 3.2% in May
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Consumer price inflation in the eurozone accelerated to 3.2% in May, up from 3.0% in the previous month. Consumer prices rose 0.2 percentage points compared to April, marking an uptick in price pressures across the 20-nation currency bloc. The acceleration brings eurozone inflation further above the European Central Bank's 2% target, which it has been working to achieve through its monetary policy measures.