Euro area annual inflation up to 1.4%
Euro area annual inflation is expected to be 1.4% in May 2013, up from 1.2% in April.Looking at the main components of euro area inflation, food, alcohol & tobacco is expected tohave the highest annual rate in May (3.3% compared with 2.9% in April), followed by services(1.4% compared with 1.1% in April), non-energy industrial goods (0.9% compared with 0.8% inApril) and energy (-0.2% compared with -0.4% in April)