May CPI Eurozone +6.1% vs. +6.1% y/y preliminary

  • Previous +7.0%
  • Core CPI +5.3% vs. +5.3% y/y provisionally
  • Previous +5.6%

The original estimates are unchanged as headline year-on-year inflation in the eurozone continues to decline in May. The good news is that core year-on-year inflation is also starting to ease and is this a sign of a meaningful turnaround in price pressures? We’ll have to wait and see.

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