Euro-Area Inflation Slowed for Second Month in May on Energy
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Euro-area inflation slowed for a second month in May, led by cooling prices for energy and food.
The inflation rate in the 17-nation euro area fell to 2.4 percent from 2.6 percent in April, the European Union’s statistics office in Luxembourg said today. That’s in line with an initial estimate published on May 31. Energy prices rose 7.3 percent, down from 8.1 percent a month earlier, while food cost growth slowed to 2.3 percent from 2.7 percent.