Inflation & Prices

Inflation Dips Below 2% in Italy and Spain, Backing ECB Cut

Spain's consumer prices rose 1.9% from a year ago in May. — Spain's consumer prices rose 1.9% from a year ago in May.Photographer: Angel Garcia/Bloomberg

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By Daniel Basteiro

May 30, 2025 at 7:00 AM UTC

Updated on

May 30, 2025 at 9:41 AM UTC

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Inflation in Italy and Spain eased to just below the European Central Bank’s 2% target, backing the case for interest rates to be lowered again next week.