Eurozone inflation falls as unemployment stays flat

The preliminary estimate is down from 2.8% in April and is lower than expected.

Unemployment in the euro area remained unchanged at 9.9% in April, though there were big differences between states.

The euro fell on the news, which may limit further rises in interest rates.

The European Central Bank (ECB) wants to keep inflation just below 2% over the medium term.

The ECB raised rates in April to 1.25% to limit rising prices.

Source: BBC.co.uk