Eurozone Inflation Slows; Jobless Rate Remains Stable

Eurozone inflation slowed slightly in June after accelerating in May, flash data from Eurostat showed Tuesday.

Inflation eased to 0.2 percent in June, in line with forecast, from 0.3 percent in the prior month.

The European Central Bank targets inflation below, but close to, 2 percent over the medium term.

Core inflation that excludes energy, food, alcohol and tobacco slowed marginally to 0.8 percent in June from 0.9 percent in May. Core inflation figure also matched economists' expectations.

Another report from Eurostat showed that the unemployment rate remained unchanged at 11.1 percent in May. This was the lowest rate recorded in the euro area since March 2012. It came in line with expectations.

The youth unemployment rate was 22.1 percent in May compared with 23.8 percent in the prior year.

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