Narrative

Southern Europe Inflation Accelerates in May

Italy and Spain report higher inflation readings in May, with core prices rising and energy costs driving much of the increase across the region.

3 articles · first seen 6/17/2026 · last update 6/16/2026

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Articles · 3

  • Forexlive6/16/2026, 8:01:08 AM
    Italy inflation confirmed to have nudged up in May

    Italy's final May CPI confirmed at +3.2% y/y, up from +2.7% in April, driven primarily by energy price acceleration — non-regulated energy products rose 12.5% y/y. Core inflation edged up to 1.7% from 1.6%, while services inflation increased to 2.8% from 2.4%. The final reading aligns with the preliminary estimate, with HICP coming in at +3.2% y/y versus a +3.3% prelim.

    Sentiment 0.00Sim 93%
  • Forexlive6/12/2026, 7:00:46 AM
    Spanish inflation picks up in May, core prices also continue to nudge higher

    Spain's May CPI was confirmed at +3.2% y/y, in line with the preliminary estimate and unchanged from April. Core CPI ticked up to +3.0% y/y from +2.8% prior, while HICP came in at +3.6%. The article notes rising core inflation adds to broader eurozone price pressures and complicates the ECB's policy outlook.

    Sentiment -0.10Sim 90%
  • Forexlive5/29/2026, 9:01:37 AM
    Italy inflation continues to push up in May, core prices nudge higher as well

    Italy's May CPI came in at +3.2% y/y (in line with expectations) and HICP at +3.3% y/y (slightly above the +3.2% forecast), both accelerating sharply from April's +2.7% and +2.8% respectively. The rise was driven primarily by energy prices, with non-regulated energy up 12.6% y/y, though goods and services inflation also accelerated. Core inflation nudged up to 1.8% from 1.6% in April, consistent with similar readings from France and Spain on the same day.

    Sentiment -0.10Sim 96%