Eurozone inflation declines sharply in May

ECB + bridge

Inflation in the eurozone declined sharply from 7% in April to 6.1% in May, according to official statistics released today (June 1).

Although headline inflation has been progressively declining over the last few months, after peaking at 10.6% in October, core inflation fell for the first time last month.

Underlying inflation excluding energy, food and tobacco prices declined from a record high of 5.6% in April to 5.3% in May. Services inflation declined from 5.2% to 5%, and prices in non

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