{"id":432321,"date":"2026-06-17T16:40:05","date_gmt":"2026-06-17T09:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/euro-area-inflation-accelerates-in-may-as-services-inflation-remains-stubborn\/"},"modified":"2026-06-17T16:40:05","modified_gmt":"2026-06-17T09:40:05","slug":"euro-area-inflation-accelerates-in-may-as-services-inflation-remains-stubborn","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/euro-area-inflation-accelerates-in-may-as-services-inflation-remains-stubborn\/","title":{"rendered":"Euro area inflation accelerates in May as services inflation remains stubborn"},"content":{"rendered":"<div>\n<ul>\n<li>CPI +3.2% vs +3.2% y\/y prelim<\/li>\n<li>Prior +3.0%<\/li>\n<li>Core CPI +2.6% vs +2.5% y\/y prelim<\/li>\n<li>Prior +2.2%<\/li>\n<\/ul>\n<p class=\"text-align-justify\">Euro area headline annual inflation is confirmed at 3.2% in May, nudging up from the 3.0% estimate in April. That marks the highest reading since September 2023, with higher energy prices being the main culprit. Of note, energy price inflation was up 10.8% year-on-year on the month &#8211; matching the April estimate.<\/p>\n<p class=\"text-align-justify\">Meanwhile, the key sticking point remains services inflation. And that is what contributed to the push up in core prices as well. Services inflation was seen at 3.5% in May, up from 3.0% in April.<\/p>\n<p class=\"text-align-justify\">In contrast, food price inflation fell slightly to 1.9% in May &#8211; down from 2.4% in April.<\/p>\n<p class=\"text-align-justify\">But at the balance, that still leads to a higher core annual inflation estimate (one that is revised higher in fact) of 2.6% &#8211; the highest since April last year.<\/p>\n<p class=\"text-align-justify\">As such, stagflation woes continue to grow for the ECB ahead of the summer.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CPI +3.2% vs +3.2% y\/y prelim Prior +3.0% Core CPI +2.6% vs +2.5% y\/y prelim Prior +2.2% Euro area headline annual inflation is confirmed at 3.2% in May, nudging up from the&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432321","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432321"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432321\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}