EA Inflation Expected To Fall To 0.5%

Euro area inflation (MUICP) is expected to fall to 0.5% in May 2014 from 0.7% in April according to the latest flash estimate from Eurostat. The services sector is expected to have the highest rate in May with 1.1%, followed by food, alcohol and tobacco with 0.1%, non-energy industrial goods and energy bot with 0.0%.