Eurozone Inflation Surges, ECB Signals Likely Rate Hikes in June and Beyond

Published: May 30, 2026 18:31

Save

The eurozone was facing a broad-based intensification of inflationary pressures. Specifically, the Consumer Price Index (CPI) in France and Spain rose 2.8% and 3.6% YoY in May, respectively, both hitting their highest levels since 2024. Meanwhile, Italy's inflation rate climbed to 3.3%, reaching its peak since 2023, while Germany's core inflation also accelerated to 2.5%. Against this backdrop, ECB Governing Council member Simkus noted that a rate hike in June was almost a foregone conclusion, and that further rate hikes would "very likely" be needed thereafter.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

HSCM Bermuda Acquires Controlling Stake in First Bauxite, Aiming to Advance Guyana Projects

[SMM Aluminum Express News] First Bauxite has announced a change of ownership, with private investment group HSCM Bermuda acquiring a controlling interest in the company. The new ownership is expected to support the advancement of First Bauxite's Bonasika bauxite mine and refractory-grade bauxite projects in Guyana, while the company continues to focus on supplying high-value non-metallurgical bauxite markets.

3 hours ago

8 hours ago

【SMM Flash News】LME Aluminium Stocks Draw 1,500 Tonnes on July 16

On July 16, London Metal Exchange (LME) data: Total inventory 280,100 tonnes, change -1,500 tonnes; Registered warrants 245,900 tonnes, flat; Cancelled warrants 34,200 tonnes, change -1,500 tonnes.

8 hours ago

9 hours ago

Slightly Improved Trading Sentiment in Central and East China, Stockpiling Demand Released [SMM Spot Aluminum Midday Comment]

9 hours ago