Investing.com - Euro zone consumer prices rose in May, according to a final estimate released on Friday.
The bloc’s statistics agency Eurostat said its final reading of the consumer price index rose 1.9% in May from the same month a year earlier.
Consumer prices increased 0.5% from a month earlier.
Economists had expected annual inflation to stay steady at 1.9% and monthly inflation to rise by 0.5%.
Core inflation, which excludes energy, food, alcohol and tobacco prices, rose to an annual rate of 1.1%.
The core figure was up by 0.3% from a month earlier.
The European Central Bank targets a headline inflation rate of close to, but just below 2%.