Eurozone final CPI revised down to 0.3% MoM in May

• Eurozone inflation arrives at 2.0% YoY in May.
• Monthly CPI in the bloc rises by 0.3% in May.
• EUR/USD keeps its recovery mode intact around 1.1950 on the data.

According to Eurostat’s final reading of the Eurozone CPI report for May, the consumer prices came in at 2.0% on a yearly basis, meeting the flash estimate of 2.0% and 2.0% expectations. While the core figures rose to 1.0%, beating the 0.9% consensus forecasts.       

On a monthly basis, the bloc’s CPI figure for May arrived at 0.3% versus 0.3% expectations and 0.6% previous while the core CPI numbers came in at 0.2% versus 0.2% expected and 0.2% last.