Preliminary forecasts showed that annual inflation in the euro area fell to 6.1% in May 2023. In this respect reported on the Eurostat website.
According to preliminary estimates, annual inflation in the euro area fell to 6.1% in May from 7% a month ago. At the same time, analysts had previously predicted that inflation would fall to 6.3%.
According to Eurostat, the inflation rate in the euro area in the same period last year was 8.1%. At the same time, consumer prices remained unchanged in May 2023.
May 20 British financier Guy Hands declarationThat the UK’s economic situation worsened after Brexit and that business and investment prospects dropped significantly.
Prior to that, Interfax said, citing analysts and market participants, that the European Central Bank (ECB) plans to raise key interest rates in the eurozone again, against the backdrop of persistently high inflation in the currency bloc.
Earlier, Eurostat reported that in the first quarter of 2023, GDP growth in 20 eurozone countries slowed to 1.3% on an annual basis. The annual economic growth rate for the fourth quarter of 2022 was 1.8%, with a zero trend on a quarterly basis.