Eurozone inflation falls within ECB target of 2%

BELGIUM - Inflation in the euro zone slowed sharply to 2% in May, Eurostat, the EU's statistics agency, confirmed on Tuesday. The drop put inflation within the upper limit of the European Central Bank's inflation target of 2%.

The fall from a revised 2.4% in April was limited by an unexpected surge in energy prices. In the 15 nations of the European Union, inflation also decelerated in May, slowing to 1.8% from 2.2% in April. In May 2001, the rate stood at 3.3% in the euro zone and 3.0% in th

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