Breaking: Eurozone Preliminary HICP inflation softens to 6.1% YoY in May vs. 6.3% expected

The annual Eurozone Harmonised Index of Consumer Prices (HICP) rose in May vs. April’s 7.0%, according to the latest data published by Eurostat this Thursday. The HICP inflation gauge beat expectations for a 6.3% increase.

The Core HICP inflation dropped to 5.3% YoY in May as against the expected 5.5% clip, down from the 5.6% figure booked in April.

more to come ...