India, July 1 -- Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday.
Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.
Meanwhile, core inflation that excludes prices of energy and food held steady at 2.3 percent in June, as expected.
Month-on-month, the harmonized index of consumer prices gained 0.3 percent. Final data is due on July 17.
ING economist Bert Colijn said inflationary pressures have clearly weakened as wage growth is coming down and economic performance remains slugg...