Inflation in eurozone softens in June on dip in energy

Brussels

EUROZONE inflation softened in June, moving away from the European Central Bank's target as energy costs weakened and the price rises of food and services eased after a spike in May.

The European Union's statistics office Eurostat said on Tuesday that consumer prices in the 19 countries sharing the euro rose by 0.2 per cent year-on-year in June from a 0.3 per cent increase in May.