Annual inflation in the euro area was 0.3 percent in May this year, up from 0.0 percent in April, according to a report released by Eurostat, the Statistical Office of the European Communities. In May 2014, the annual inflation rate was 0.5 percent.
Meanwhile, in the European Union (EU-28) annual inflation was 0.3 percent in May, up from 0.0 percent in April. In May 2014, the annual inflation rate in the EU-28 was 0.6 percent.
In May this year, annual inflation in the EU-28 increased in 23 states, fell in two states and remained stable in three states as compared with April. The lowest inflation rates were observed in Cyprus (-1.7%), Greece (-1.4%), and Slovenia (-0.8%), while the highest were observed in Romania and Malta (both 1.3%) and Latvia (1.2%).