Looking at the main components of euro area inflation, services is expected to have the highest annual rate in May (4.1%, compared with 3.7% in April), followed by food, alcohol & tobacco (2.6%, compared with 2.8% in April), non-energy industrial goods (0.8%, compared with 0.9% in April) and energy (0.3%, compared with -0.6% in April).
In Greece, annual inflation is estimated to have decreased to 2.3% in May, from 3.2% in April according to preliminary data published by the European Statistical Authority (Eurostat).
