Inflation & Prices
A Euro-Zone Inflation Hiccup Is Unlikely to Thwart ECB Rate Cut
- Consumer-price pickup in May seen in Germany, France, Spain
- Core gauge probably didn’t fall for first time since July
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A probable pickup in euro-zone inflation this month is unlikely to derail the juggernaut of an imminent interest-rate cut by the European Central Bank.
Data next Friday will show consumer prices rose 2.5% from a year earlier, up from 2.4% in April, according to the median forecast of 34 economists in a Bloomberg survey.