Eurozone inflation fell to 0.1 percent year-on-year in May, from 0.3 percent in April. This is mainly due to the considerably lower energy prices, according to the European statistics agency Eurostat in a final figure.
The inflation rate is in line with economists’ average expectations and a preliminary estimate. The corona crisis also had an impact, as it put pressure on the prices of certain products.
Core inflation, without the impact of sharply fluctuating prices for energy and food and beverages, was stable at 0.9 percent compared to a month earlier.
Inflation across the European Union stood at 0.6 percent, from 0.7 percent in April.
