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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.