Core inflation, which excludes energy and fresh food due to more volatile prices, stood at 3.8% in May, three tenths more than in April. Energy repeated in the fifth month of the year as the main factor in the increase in prices, with an annual growth rate of 39.2%, which represents a growth of almost two points compared to the previous month.
Although this increase is far from the 44% increase observed in March, the month in which the highest figure was reached, it contrasts with the 13.1% increase observed in May 2021.
For its part, the price of processed food, alcohol and tobacco increased by 7% in April (compared to 5.4% in March), while that of unprocessed food was the only one that contracted, although one tenth until 9 ,1%.
On the other hand, the price of non-energy industrial goods increased four tenths this month (up to 4.2%) and services inflation was 3.5% in the fourth month of the year (compared to 3.3% of March).
By country, Estonia repeated as the country with the highest inflation in the eurozone, with an increase in prices of 20.1%, followed by Lithuania (18.5%), Latvia (16.4%), Slovakia (11.8 %), Greece (10.7%), and the Netherlands (10.2%).
Outside the group with double-digit inflation, but above the average, are Belgium (9.9%), Luxembourg (9.1%), Cyprus (8.8%), Germany and Slovenia (8.7 %), Spain (8.5%) and Ireland (8.2%), while the increase in prices in Austria and Portugal was exactly in line with the Community average.
Finally, the countries with inflation below the euro zone average in May were Italy (7.3%), Finland (7.1%), France (5.8%), and Malta (5.6%).
Source: Ambito
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