Inflation in the Eurozone falls below 2% for the first time in eight months.

Inflation in the Eurozone slowed to 1.9% in May, which is below the European Central Bank's target of 2%. This may indicate a possible further reduction in interest rates. The core index, which excludes volatile goods, also fell to 2.3%.

After nearly eight months, this is the first time that overall inflation in the Eurozone has not exceeded the target figure. These numbers were released ahead of the ECB meeting, where issues of rates and their potential reduction will be discussed.

The slowdown in inflation in the Eurozone indicates a weakening pressure on price growth. This may influence decisions on interest rates and economic stimulus in the future.