Europe sees inflation drop to 6.1 per cent, but real relief for consumers will take time

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Europe sees inflation drop to 6.1 per cent, but real relief for consumers will take time
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Core inflation, which excludes volatile food and energy, fell to 5.3 per cent from 5.6 per cent in April

Europe’s inflation has taken a positive turn with a significant drop to 6.1 per cent – but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities.

The annual figure in May eased from 7 per cent in April for the 20 countries that use the euro currency, the European Union’s statistical agency Eurostat said today.

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