Inflation in the eurozone crept up in June, hitting the European Central Bank’s target and raising expectations that policymakers will leave the key interest rate unchanged later this month.Consumer prices were 2.

Euro zone inflation edged up last month to the European Central Bank's 2% target, confirming that the era of runaway prices is over and shifting policymaker focus to trade war-induced economic volatility.

E uro zone inflation rose slightly to 2% in June, according to flash data from statistics agency Eurostat, meaning consumer prices in the single currency area are now in line with the European Central Bank's target of 2%.