Inflation partially rebounded in May, rising to 1.4% after declining by 0.5pp in April to 1.2%. Despite some volatility, inflation is clearly on a downward trend. It should average 1.4% in 2013 and
decline further in 2014.
■ Inflation partially rebounded in May, according to Eurostat’s flash estimates released this morning. After declining by 0.5pp in April to 1.2%, inflation rose to 1.4% in May. An increase was, however, expected, after the large fall recorded last month due to changes in seasonal treatments of some items. Core inflation indeed rose by 0.2 pp to 1.2%. Food price inflation was also on the rise, while energy price inflation declined for the second month in a row.
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BNP Paribas