The inflation rate in the euro zone accelerated to 8.1% in May, above the 7.4% registered in April, according to the preliminary estimate revealed this Tuesday by Eurostat, the official statistics office of the European Union.
As in recent months, it is energy that continues to drive inflation. The prices of this component will have accelerated 39.2% in May, above the 37.5% registered in April. Food prices rose 7.5% in May, more than in April, when the rise reached 6.3%. Non-energy industrial goods increased by 4.2%, compared to 3.8% in April.
euro area #inflation up to 8.1% in May 2022: energy +39.2%, food +7.5%, other goods +4.2%, services +3.5% – preliminary estimate https://t.co/ WM37Cpkg33 pic.twitter.com/ohFS4NIVUX
— EU_Eurostat (@EU_Eurostat) May 31, 2022
The Eurostat estimate for Portugal points to a harmonized year-on-year inflation rate (HICP) in line with that of the EU, of 8.1%. This Tuesday, the National Institute of Statistics (INE) released the estimate of the Consumer Price Index (CPI), which points to an inflation of 8% in May.
Prices go up again in May. INE calculates inflation at 8%
According to the Eurostat analysis, France, Italy, Malta and Finland registered lower inflation rates than Portugal in May, and Austria registered the same value. The highest inflation figures were recorded in Estonia (20.1%), Lithuania (18.5%) and Latvia (16.4%). Spain registered a rate of 8.5% in May and Germany 8.7%.
Source: Observadora
