Eurozone inflation moved close to stagnation in May and was the lowest in nearly four years, driven by a sharp fall in energy prices, flash data from Eurostat showed Friday.
Inflation slowed to 0.1 percent from 0.3 percent in April. This was the lowest since June 2016, when prices remained unchanged. The May inflation rate came in line with expectations.
Headline inflation remained well below the European Central Bank's target of "below, but close to 2 percent."
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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.