Eurozone inflation rises to 1.6% in May
The annual inflation rate in the eurozone rose slightly to 1.6 percent in May from 1.5 percent in April, the European Union (EU)’s statistics bureau Eurostat said Wednesday. Fuel for transportation and heating oil continued to be the largest upward contributions as the price of transportation increased by 5.5 percent, the highest among the main components involved in the inflation rate, followed …
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