Eurozone Preliminary HICP inflation eases to 1.9% YoY in May vs. 2% expected

The Eurozone Harmonized Index of Consumer Prices (HICP) rose at an annual pace of 1.9% in May after increasing by 2.2% in April, the official data released by Eurostat showed Tuesday.

Markets estimated a 2% reading in the reported period.

The core HICP advanced 2.3% year-over-year (YoY) in May against a 2.7% growth in April, missing the 2.5% forecast.

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