Eurozone inflation slowed more than expected in May, flash estimates from Eurostat showed Thursday.
Annual inflation fell to 2.4 percent from 2.6 percent in April. The rate was slightly below the expected rate of 2.5 percent.
Nonetheless, inflation continues to stay above the European Central Bank's 'below, but close to 2 percent' target.
In May, the ECB kept its interest rates unchanged for the fourth month in a row. The key rate remains at a record low 1 percent.
The statistical office is set to publish final data on June 14.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.