Eurozone inflation increases to 3.2% in May, according to official data cited by multiple outlets. The rise is linked to cost pressures associated with the war in the Middle East, which pushes up energy prices. Energy price inflation is reported to climb to 10.9% in May from 10.8% in April. Separately, services inflation accelerates to 3.5% in May from 3.0% in April, indicating broader price pressures beyond energy alone. The May figures add to evidence that price growth is firming across parts of the economy. With inflation above earlier levels, the data is described as reinforcing expectations that the European Central Bank may consider additional interest-rate action.