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Inflation in the Eurozone displayed by CPI Figures

CPI Eurozone (YoY)

Inflation Reversed Lower Again in the Eurozone

Starts Monday, August 19, 2019 at 09:00
Updated Monday, August 19, 2019
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Inflation was growing nicely during most of last year, but by the end of it, the CPI inflation cooled off, with the main CPI figure declining from 2.2% to 2.0% in November and again to 1.6% in December, missing expectations of 1.8%, while the core CPI figure remained unchanged at 1.1%. Inflation fell further to 1.4% in Europe in December and it remained unchanged at 1.4% in January, as well as core CPI at 1.1%. Although, core CPI cooled off further to 1.0% in February while the headline CPI ticked higher to 1.5%. In March, headline inflation ticked lower again to 1.4% but what's worse is that core inflation declined to 0.8% from 1.0%. In April we saw a jump to 1.7% for the headline CPI and 1.2% for core CPI. But, that was due to the Easter period and inflation dived further to 1.2% in May and 0.8% for core CPI. In June, the headline CPI remained unchanged, but core CPI moved higher to 1.1% in the initial reading and they are expected to remain at those levels for the final reading. For July, inflation numbers were expected to remain unchanged but headline CPI fell to 1.1% again, while core CPI fell to 0.9%.  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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