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Eurozone's Annual Inflation Rate Confirmed at 3.2% in May

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Annual inflation in the euro area rose to 3.2% in May from 3% in April, according to final data from Eurostat published Wednesday.

The final reading is consistent with the flash estimate.

On a monthly basis, consumer prices were 0.1% higher, matching the preliminary reading.

Excluding energy, food, alcohol and tobacco, the annual inflation rate came in at 2.6%, above the initial reading of 2.5% and the previous month's 2.2%. Month over month, core consumer prices were 0.3% higher, in line with the preliminary estimate.

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