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Eurozone inflation surpasses 3 percent

Eurozone inflation surpasses 3 percent

The Eurozone records an increase in the annual inflation rate to 3.2% in May 2026, the highest level since 2023, due to rising price pressures resulting from the Iranian conflict and its impact on energy markets and supply chains. This inflation surge poses a challenge to the European Central Bank, which aims to keep inflation close to 2%. The recent rise in inflation may lead to the adoption of more cautious policies amid ongoing increases in energy and essential goods prices.

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