FILE - A person looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo, on May 27, 2024. Asian shares were mostly lower Wednesday, May 29, 2024, after a mixed session on Wall Street following a three-day holiday weekend. FRANKFURT, Germany — Inflation ticked up to an annual 2.6% in Europe in May, according to official figures on Friday. That’s more than expected as a painful spike in consumer prices takes its time to fade away.
The official figure for the 20 countries that use the euro currency compares to 2.4% in April, according to European Union statistics agency Eurostat. Markets had expected 2.5% for May.
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