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.
by RTT Staff Writer
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