Eurozone inflation falls for third straight month, though price pressures still strain households

German inflation rate eased to 6.1% in May from 7.2% in April
Food prices have increased by nearly 15% in May, driving inflation
Higher interest rates influence the cost of borrowing across the economy, making it more expensive to get a mortgage to buy a house or a business investment loan — in turn, reducing demand for goods that drives inflation higher.
Inflation has fallen sharply in Germany, France, Italy and Spain, national data published Wednesday showed.
Inflation in European countries using the euro currency slowed to 6.1% in May.