CPI Eurozone (YoY) - Economic Calendar - Strategia Forex
Economic Calendar
Inflation in the Eurozone displayed by CPI Figures

CPI Eurozone (YoY)

Inflation Has Turned Negative In the Last 2 Months in Europe

Starts Friday, October 30, 2020 at 10:00
Updated Wednesday, October 21, 2020
In July last year, inflation numbers were expected to remain unchanged but headline CPI fell to 1.1% again which was revised to 1.0% this week, while core CPI fell to 0.9%. Core CPI is expected to tick higher to 1.0% this month. In September, headline and core CPI changed places, with core CPI ticking higher to 1.0% and headline CPI ticking lower to 0.9%. In October, headline CPI cooled off further to 0.7%, but core CPI ticked higher to 1.1%, which was a bit of a relief. Last month, headline inflation was expected to tick higher to 0.8%, while core CPI was expected to move to 1.2%. They both beat expectations, coming at 1.3% and 1.3% respectively. But, in January core inflation which is more important fell to 1.1%, while headline CPI ticked higher to 1.4%. The initial reading for March showed a big drop to 0.7% for headline CPI, as the decline in Oil prices added to the coronavirus effect and core CPI declined to 1.0%. In April the situation got worse, with headline CPI falling to just 0.3% as oil prices crashed, although core CPI remained at 0.9%. But in the first reading for May the CPI fell to just 0.1%. In June CPI increased to 0.3% and to 0.4% in July, while core CPI jumped from 0.8% to 1.2% that month. Although in August headline CPI dived to -0.2% YoY, while in September it fell further by 0.3%. Please follow us for real-time coverage of this event by experienced analysts. 

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About CPI Eurozone (YoY)
The yearly Consumer Price Index (CPI) is a key inflationary metric released by the European. Department of Statistics Eurostat. It measures the average change in price for a fixed basket of goods and services over a given period of time. Core CPI excludes the pricing of volatile items such as Food and Energy.Core CPI is viewed as the most accurate representation of inflationary pressures facing the Eurozone economy. As a result, it serves as an important resource for the crafting of monetary policy by the European Central Bank (ECB). High readings are often precursors for the tightening of monetary policy, while low numbers encourage a dovish stance toward the Euro.Eurostat bases this estimate on energy prices and 13 euro area member states that report early CPI data. There are 2 versions of this report released about two weeks apart – Flash and Final. The report is extremely early and tends to have a significant impact
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