Iran Conflict Fuels Eurozone Inflation
Energy prices surged 10.9% in May, driven by oil and gas costs linked to the Iran conflict.
Services inflation reached 3.5% in May, while food, alcohol, and tobacco prices fell to 2%.
Germany's inflation dropped to 2.7%, France's rose to 2.8%, and Greece/Lithuania exceeded 5%.
Pre-Iran conflict, inflation was below 2%, showing energy shocks reshaped monetary policy.