Rising energy costs have lifted Eurozone inflation to its highest level since 2023, strengthening expectations that the European Central Bank will raise interest rates

EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany, July 18, 2024. [Photo/Agencies]

Euro zone inflation rose to an estimated 3.2% in May, driven by surging energy prices. The print was in line with forecasts in a Reuters poll of economists. Energy costs…

Middle East energy shock pushes price growth to highest level in nearly three years

Eurozone inflation picked up further in May as the Middle East war sent energy costs soaring, official data showed Tuesday, reinforcing the likelihood of...

Eurozone inflation rose in May due to higher energy costs sparked by the war in the Middle East, official data showed Tuesday.

Eurozone inflation rose to 3.2% in May, the highest since 2023, driven by energy and services. Markets now see an ECB rate hike next week as done deal.

Eurozone inflation hit 3.2% in May 2026 as energy prices surged 10.9%. Markets see a 97% chance the ECB hikes rates June 11, with implications for crypto.

Rising energy costs have lifted Eurozone inflation to its highest level since 2023, strengthening expectations that the European Central Bank will raise interest rates