Irish shares fall along with eurozone stocks amid inflation fears   

Ryanair chief executive Michael O'Leary. Shares in Ryanair fell by 3.6%.

Eurozone shares fell after data showed inflation rose to a record high in May, spurring bets of bigger interest rate hikes by the European Central Bank. 

Inflation in the 19 countries sharing the euro accelerated to 8.1% in May from 7.4% in April, beating expectations for 7.7% as price growth continued to broaden, indicating that it is no longer just energy pulling up the headline figure.