Euro area annual inflation is expected to be 0.3% in May 2015, up from 0.0% in April, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services (1.3%, compared with 1.0% in April) is expected to have the highest annual rate in May, followed by food, alcohol & tobacco (1.2%, compared with 1.0% in April), non-energy industrial goods (0.3%, compared with 0.1% in April) and energy (-5.0%, compared with -5.8% in April).
