Eurozone final CPI arrives at 1.9% y/y in May, matches estimates

According to Eurostat’s final reading of Eurozone CPI report, the consumer prices came in at 1.9% on a yearly basis, confirming the flash estimate. While the core figures matched the first readout of 1.1%.

On a monthly basis, the bloc’s CPI figure for May accelerated to 0.5% versus 0.5% expected and 0.3% previous while the core CPI numbers also edged higher to 0.3% versus 0.3% expected and 0.2% last.

Separately, the Eurozone trade balance report for April was released, showing that the trade surplus (seasonally adjusted) in the 19-nations bloc arrived at EUR 18.1B versus EUR 20.2B expected and EUR 21.2B last.