The pace of consumer price inflation in the euro area slowed further in May

According to preliminary data released on Friday, consumer prices rose 0.1 percent in May in the eurozone’s 19-nation eurozone, the weakest since June 2016.
Analysts expected a slightly more favorable figure, up 0.2 percent, after measuring up 0.3 percent in April, 0.7 percent in March, 1.2 percent in February, and 1.4 percent in January. (MTI)