June 4, 2019 / 9:20 AM / 4 months ago

Euro zone flash inflation at 1.2% in May

FILE PHOTO: Vegetables are pictured at Sir Plus supermarket for surplus, non-standard and expired food offered at discount prices in Berlin, Germany, February 18, 2019. REUTERS/Fabrizio Bensch/File Photo

(Reuters) - Inflation fell to an annual rate of 1.2% in the euro zone in May, according to a first estimate from the EU’s statistics agency released on Tuesday.

The inflation figure was below expectations. Economists polled by Reuters had expected a May estimate of 1.3%.

Eurostat’s flash estimate for the month does not include a monthly calculation.

Reporting by Piotr Lipinski in Gdynia

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