Spain's annual inflation slowed as initially estimated in May, the statistical office INE showed Wednesday.
EU harmonized inflation fell to 1.9 percent, in line with flash estimate, from 2 percent a month ago. Month-on-month, the harmonized index dropped 0.2 percent.
Consumer price inflation also eased to 1.9 percent, from 2.1 percent in April. The rate matched the flash estimate published on May 30. On a monthly basis, consumer prices dropped 0.1 percent in May, while economists were forecasting a 0.2 percent fall.
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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.