The propaganda of Lithuanian banks comforts us every day: Inflation has been defeated, tomorrow the European Central Bank will make loans cheaper three times, we will buy apartments like crazy

 The same way as an add on one seafood restaurant: "Free crabs will be tomorrow..."

"Consumer prices rose 2.6 percent in the year through May, slightly higher than expected.

The annual rate of inflation in the countries that use the euro accelerated slightly in May, driven by a jump in the cost of services and food.

 Consumer prices in the eurozone rose 2.6 percent in the year through May, compared with 2.4 percent in April.

The headline inflation rate was a bit higher than economists expected. The same was true for core inflation, which strips out volatile food and energy prices, which came in at 2.9 percent in May, versus 2.7 percent in April.

The numbers for May showed the first uptick in overall and core inflation this year, highlighting the difficulties policymakers at the European Central Bank face in the final stretch of reaching their aim to bring inflation down to 2 percent. Inflation peaked above 10 percent in 2022.

Three of the area’s largest economies, Germany, France and Spain, all saw annual inflation speed up in May.

The E.C.B. has kept its main rate, known as the deposit rate, at 4 percent, the highest in its history, since September.

“The European Central Bank will be cautious and is unlikely to lower interest rates at the July meeting, given the momentary interruption of disinflation, especially in services, and the strong wage data,” Mr. Fabiani said." [1]

Mr. Fabiani knows. Mr. Fabiani takes for me too.

1. Inflation Ticks Up in the Eurozone. Eddy, Melissa.  New York Times (Online) New York Times Company. May 31, 2024.