Eurozone inflation stuck at low 0.5pc

The European Union’s statistics office says the inflation rate for the 18-nation eurozone in June remained flat at a low 0.5 per cent. Eurostat said on Monday its initial June estimate shows the core inflation rate,  which excludes volatile food and fuel costs, has edged up to 0.8 per cent from 0.7 per cent in May. The European Central Bank (ECB) seeks an inflation rate of about 2 per cent and has embarked on a raft of aggressive measures to spur inflation and boost Europe’s economy, according to a news agency.