Eurozone Annual Inflation Drops to 1.9 Percent in May
(MENAFN) In May, the annual inflation rate across the eurozone eased to 1.9%, down from 2.2% recorded in April, Eurostat revealed on Wednesday.
Similarly, inflation across the entire European Union dropped to 2.2% in May, falling from 2.4% the previous month, according to Eurostat’s latest figures.
During May 2025, the primary driver behind inflation in the euro area was the services sector, followed closely by food, alcohol & tobacco, non-energy industrial goods, and energy prices.
The lowest inflation rates were observed in the Greek Cypriot community (0.4%), France (0.6%), and Ireland (1.4%).
Conversely, the highest inflation levels were recorded in Romania (5.4%), Estonia (4.6%), and Hungary (4.5%).
Looking at the month-to-month changes, inflation declined in 14 member states between April and May 2025, stayed unchanged in one country, and increased in 12.
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