Eurozone Inflation Falls Below 2% In June

The euro area inflation fell below 2 percent in June as the growth in energy prices eased, preliminary data from Eurostat showed on Wednesday. Inflation came in at 1.9 percent in June, as expected, down from 2 percent in the previous month. The inflation rate had exceeded the European Central Bank's target of "below, but close to" 2 percent in May for the first time since 2018.