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Eurozone CPI increased by 1.4%

Euro area annual inflation was 1.4% in May 2017, down from 1.9% in April. In May 2016 the rate was -0.1%. European Union annual inflation was 1.6% in May 2017, down from 2.0% in April. A year earlier the rate was -0.1%. These figures come from Eurostat, the statistical office of the European Union.

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UK CPI increased to 2.9%

UK consumer prices were reported by the Office for National Statistics (ONS) at 04:30 ET and the data showed prices rose 0.3% in May compared with an expected increase of 0.1% for the month. The year-over-year inflation rate increased to 2.9% from 2.7%, above consensus forecast for an unchanged reading at 2.7%. At 2.9%, the annual rate of inflation rose to a 4-year high in May. The ONS reported that food, energy and recreational costs helped increase the inflation rate.

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China's CPI increased by 1.5%

China's economy is likely to have remained on a stable footing in May, buoyed by solid gains in trade and investment as economic ties with the United States take a positive turn and infrastructure spending cushions domestic growth. A Reuters poll of indicators from trade and industrial output to loans and property investment, is expected to show that economic growth held up nicely into the second quarter, defying worries of a sharp slowdown. Beijing has curbed lending to avert bubbles and debt risks, but tougher regulations have raised concerns the measures could go too far and hurt growth.

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Eurozone Final CPI at 1.9%

Euro area annual inflation was 1.9% in April 2017, up from 1.5% in March. In April 2016 the rate was -0.2%. European Union annual inflation was 2.0% in April 2017, up from 1.6% in March. A year earlier the rate was -0.2. Compared with March 2017, annual inflation fell in six Member States, remained stable in three and rose in nineteen.

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