EUROZONE HEADLINE INFLATION FOR MAY MET THE CONSENSUS FORECAST AT 3.2% (UP FROM 3.0% IN APRIL), WHILE CORE INFLATION TICKED SLIGHTLY ABOVE EXPECTATIONS TO 2.5% (UP FROM 2.2%).

EUROZONE HEADLINE INFLATION FOR MAY MET THE CONSENSUS FORECAST AT 3.2% (UP FROM 3.0% IN APRIL), WHILE CORE INFLATION TICKED SLIGHTLY ABOVE EXPECTATIONS TO 2.5% (UP FROM 2.2%). WITH SERVICES INFLATION JUMPING FROM 3.0% TO 3.5%, IT’S INCREASINGLY DIFFICULT TO SEE THE EUROPEAN CENTRAL BANK (ECB) HOLDING OFF ON A RATE HIKE. #ECONOMY #INFLATION #MARKETS — VIA @ELERIANM

Core inflation and services inflation both rose above expectations, complicating ECB rate decisions.