Investing.com - Euro zone consumer prices accelerated in June, according to a flash estimate released on Friday.
The bloc’s statistics agency Eurostat said its consumer price inflation rose 2.0% in June from the same month a year earlier.
That was higher than the 1.9% seen in May, but in line with forecasts.
According to Eurostat, energy is expected to have the highest annual rate in June (8.0%, compared with 6.1% in May), followed by food, alcohol & tobacco (2.8%, compared with 2.5% in May), services (1.3%, compared with 1.6% in May) and non-energy industrial goods (0.4%, compared with 0.3% in May).
Core inflation, which excludes energy, food, alcohol and tobacco prices, rose by an annual rate of 1.0% in June compared to 1.1% in the previous month.
That was in line with the consensus forecast.
The European Central Bank targets a headline inflation rate of close to, but just below 2%.
The ECB will announce its next monetary policy decision on July 26.