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🇪🇺 Eurozone services hit 3.5% while the front end prices June as terminal
The day in view

🇪🇺 Eurozone services hit 3.5% while the front end prices June as terminal

Macro Soup Newsroom Macro Soup Newsroom 3 min read

Eurozone services HICP hit 3.5% year-on-year in May's flash estimate, up 50 basis points from April. The German 2-year Schatz cleared at 2.59%, still pricing June as the ECB's terminal hike.

Line chart of Euro-area inflation rate (orange), core inflation (black), and services inflation (blue) from 2020 to 2026 with 2% target line.
Eurozone headline inflation climbed back above 3% in May for the first time since 2023, with the flash CPI print at 3.2% year-over-year. Source

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