Eurozone Inflation Rose Strongly: How Will It Affect the Economy?
Do the Eurozone’s Key Economic Indicators Signal More Pain Ahead? On a year-over-year basis, the Eurozone inflation index (VGK) (IEV) stood at 1.9% in May compared to 1.2% in April, according to data provided by Eurostat. The inflation figure in May was mainly the result of improvements in the prices of oil, energy products, and food.