Annual inflation in the eurozone dropped to 2.4 percent in May, down from 2.6 percent in the previous month, the European Union's (EU) statistical office Eurostat confirmed on Thursday.
Month on month, consumer prices in the 17-member single currency area in May was 0.1 percent lower than in April.
Spiking prices for alcohol and tobacco, housing and transport were the biggest contributors to the overall price increase, the Luxembourg-based agency said.
In the wider 27-nation European Union, consumer prices in May rose by 2.6 percent on a yearly basis but remained stable from April.
The lowest annual inflation rates in May in the EU were observed in Sweden and Greece, where consumer prices rose by 0.9 percent, whereas Hungary register the highest rate of 5.4 percent./.