At 11:00 (GMT+2), the May data on the consumer price index of the EU countries is due – a key indicator of inflation, determining the change in retail prices for a certain basket of goods and services: food, transport, utilities, healthcare, etc. It may decline from 0.6% to 0.0% MoM and consolidate at 1.9% YoY, and the core value is 0.0% MoM and fall from 2.7% to 2.3% YoY, which can have a significant impact on the decisions of the European Central Bank (ECB) in monetary policy.
