Italian annual inflation rises to 3.3 percent in May
Italy's EU-harmonised consumer prices rose 3.3% year-on-year in May, exceeding analyst forecasts of 3.2%. Preliminary data from ISTAT indicates that rising energy costs driven by Middle East turmoil contributed to the monthly increase.
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Italy EU-harmonized consumer prices rose 3.3% year-on-year in May, exceeding economist expectations. The reading climbed from 2.8% in April and surpassed the 3.2% median forecast from 17 analysts surveyed by Reuters. Accelerating energy costs and rising core inflation suggest persistent price pressures for the Eurozone's third-largest economy.
