Inflation in France, Italy, Germany and Spain is expected to remain above the ECB’s 2% target.
Persistent price pressure, driven partly by energy risks and supply concerns, may strengthen the case for a June rate hike.
The ECB faces a difficult choice between fighting inflation and avoiding further weakness in eurozone growth.
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By Krzysztof Kamiński
Inflation in the largest eurozone economies likely rose in May or remained at an elevated level. The latest data from France, Italy, Germany and Spain will therefore be crucial in assessing whether the European Central
