- 4d ago
Portuguese inflation holds at 3.3% in May as energy costs surge 13.2%, but minister insists 'people are living better'
Portugal's consumer price index remained at 3.3% year-on-year in May, driven by a 13.2% jump in energy products linked to Middle East disruptions, while Economy Minister Castro Almeida argued that wage growth of 6.6% means households are still better off.
- 5d ago
German inflation unexpectedly drops to 2.6% in May as fuel discount takes effect, but ECB rate hike looms
Germany's annual inflation rate fell to 2.6% in May from 2.9% in April, defying economist expectations, as a temporary fuel tax cut and lower crude oil prices eased pressure on consumers.
- May 26
ECB officials signal June rate hike as Iran war drives inflation toward 4% and economic outlook darkens
Top European Central Bank officials Isabel Schnabel and Philip Lane have delivered their clearest warnings yet that interest rates will rise in June, as the Iran war pushes eurozone inflation toward 4% and the macroeconomic outlook deteriorates.
