India, June 18 -- Eurozone inflation slowed in May, as initially estimated, on falling energy prices, final data from Eurostat revealed on Wednesday.
Inflation softened to 1.9 percent in May from 2.2 percent in April. The rate fell below the European Central Bank's 2 percent target for the first time since September 2024.
Core inflation that strips out prices of energy, food, alcohol and tobacco, slowed to 2.3 percent from 2.7 percent. The statistical office confirmed the flash estimate published on June 3.
On a monthly basis, the harmonized index of consumer prices and the core index remained flat in May. Monthly figures also came in line with initial estimate.
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