Euro zone inflation confirmed slowing to one-year low in May - Eurostat

BRUSSELS (Reuters) - Inflation in the euro zone slowed to 1.2% in May, the lowest rate in more than a year, as price growth in the energy and services sectors slackened, the European Union statistics agency said on Tuesday, confirming its earlier estimates.The final data is bad news for the European Central Bank (ECB), which targets a rate below but close to 2% and has promised further action if inflation does not pick up.Eurostat said prices in the 19-country currency bloc went up by 1.2% on..