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Euro zone inflation a concern

Euro zone inflation a concern

BRUSSELS, May 30 (Reuters) – Record high inflation this month in the euro zone is a matter of concern and will be discussed by euro zone finance ministers on Monday, Andrej Bajuk, finance minister of EU president Slovenia, said.
“We are definitely concerned about it,” Bajuk told Reuters in Luxembourg on Friday. “Food prices and oil prices are having their effect,” he said, adding: “This is a subject of permanent concern for all of us”.
“I hope we will further analyse and discuss this in the Eurogroup and the Ecofin,” he said.
Euro zone inflation surged back to a historic peak of 3.6 percent in May, data showed on Friday, dampening the case for any interest rate cuts by the European Central Bank this year.

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