Eurozone CPI jumped further to 2.0% yoy in May, up from 1.6% yoy, above expectation of 1.9% yoy. Core CPI rose to 0.9% yoy, up from 0.7% yoy, matched expectations. Looking at the main components, energy is expected to have the highest annual rate (13.1%, compared with 10.4% in April), followed by services (1.1%, compared with 0.9% in April), non-energy industrial goods (0.7%, compared with 0.4% in April) and food, alcohol & tobacco (0.6%, stable compared with April).
Unemployment rate dropped to 8.0% in April, down from 8.1%, below expectation of 8.1%. EU unemployment rate was unchanged at 7.3%.
