Consumer prices in the eurozone rose 3.2 percent in May compared to the same month last year, as reported by Tagesschau. The increase is driven by higher oil prices resulting from the Iran war.
This makes a rate hike by the European Central Bank (ECB) increasingly likely. The inflation rate now significantly exceeds the ECB’s target of just under two percent.
EuroPulse reported on June 2 on the impact of Iran negotiations on eurozone inflation and stock market developments (https://europulse.today/boerse-aktuell-iran-verhandlungen-inflation-2-juni/).
Source: Tagesschau
