Euro-Zone Inflation Ticks Higher to Match ECB’s 2% Target

Euro-area inflation settled at the European Central Bank’s target in June, strengthening arguments to press pause on a year-long campaign of interest-rate cuts.

Consumer prices rose 2% from a year ago, up from May’s 1.9%, Eurostat said Tuesday. That matched the median estimate in a Bloomberg survey. Core inflation held steady at 2.3%, as expected, while the closely watched services gauge edged up to 3.3%.