Eurozone inflation has fallen more than economists expected to hit its lowest level since Russia’s full-scale invasion of Ukraine more than a year ago, bolstering hopes that monetary policymakers could stop raising interest rates this summer.
Annual consumer prices in the 20-country single currency bloc rose 6.1 per cent in the year to May, a decline from 7 per cent in April, according to data published by the EU statistics agency Eurostat on Thursday. That is the lowest level since February 2022 and was below the 6.3 per cent forecast by economists in a Reuters poll.
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