The Consumer Price Index (CPI) of the euro zone for the month of May rose 2% in the preliminary year-on-year reading, surpassing the 1.9% forecast and the 1.6% in April. This is the highest level of inflation on record since October 2018.
The core year-on-year CPI has risen to 0.9% from 0.7% in the previous month, matching the result expected by the market.
On the other hand, the unemployment rate in the Eurozone fell one tenth in April, falling to 8% compared to 8.1% previously and forecasted. This is the lowest unemployment rate seen in nine months, specifically since July 2020.
In the European Union, unemployment remained at 7.3%, stable compared to March 2021 and higher than the 6.7% registered in April 2020.
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