Feeding the European Central Bank (ECB) dilemma on whether to stick to the quantitive easing (QE) programme, inflation in the Eurozone accelerated in May, according to a flash estimate released on May 31 by Eurostat.
According to the EU’s statistics agency, the consumer price index within the Eurozone rose to 1.9% year-on-year, up from 1.2% in April and far above the expectations of 1.6%. The main factor to blame at this moment would be the recent spike observed in oil prices. Energy prices wer...
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