Euro area annual inflation was 0.3 percent in May 2015, up from 0.0 percent in April, according to a report from the Statistical Office of the European Union on Wednesday.
The main driver of the euro area annual inflation came from vegetables (+0.09 percentage point), restaurants & cafes (+0.08 pp) and tobacco (+0.07 pp), while fuels for transport (-0.34 pp), heating oil (-0.15 pp) and gas (-0.08 pp) had the biggest downward impacts.
Recent data was in line wth the market forecast of 0.3 percent which was echoed in flash estimate released in June 2.
Last month in eight member states of the union negative annual inflation rates were observed.
The lowest annual rates were registered in Greek Cypriot administration (-1.7%), Greece (-1.4%) and Slovenia (-0.8%). The highest annual rates were recorded in Romania and Malta (both 1.3%) and Latvia (1.2%).
The European Central Bank is targeting less-than-two percent inflation as an important goal for economic recovery.
By Fatih Erkan Dogan
Anadolu Agency
enerji@aa.com.tr