Euro zone inflation fell more than expected in May, reaching a 6.1% annual headline rate, the lowest since February 2022. Core inflation, excluding energy and food, also dropped to 5.3%. Germany and France experienced lower-than-forecast inflation, while Spain and Italy also saw easing prices. Despite the announcement, European stocks remained higher and the euro strengthened against the US dollar and British pound.
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Summary
Article Name
Euro Zone Inflation Drops to 6.1% as Core Pressures Ease
Description
Euro zone inflation fell more than expected in May, reaching a 6.1% annual headline rate, the lowest since February 2022.
Author
Susan Jane
Publisher Name
CNBC
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