Eurozone Inflation Accelerates to 3.2% in May, Driven by Services and Energy
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Inflation in the eurozone picked up speed in May, reaching 3.2%, according to revised figures released by Eurostat, the European Union's official statistics agency. The rise was driven primarily by higher prices for services and energy. The latest figure marks a notable increase compared to May of last year, when eurozone inflation stood at a more comfortable 1.9%. The acceleration came in line with analysts' expectations.