Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike

Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike Euro Area inflation topped 3% for the first time since September 2023, further cementing expectations for a rate hike when the ECB meets next week.  Consumer prices rose 3.2% from a year ago in May, and up from 3% the previous month, in line expectations. But core inflation, which excludes volatile items like food and energy, jumped more than anticipated to 2.5% (technically 2.55%), while the closely w...