Heads Up: Eurozone Inflation is due in an hour, what to expect?
Arslan Butt•Monday, December 17, 2018•1 min read
Fellas, in about an hour from now, the Eurostat is due to release the Final CPI figures for the Eurozone. The data is low impact and may not drive significant moves in the market.
Why It’s Important?
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
- Economists are expecting no change in Eurozone inflation as it’s expected to rise at the same rate of 2% as last month.
- Same is with the core CPI data, it’s also expected to remain unchanged at 0.1%.
- Both figures are releasing at 10:00 (GMT) today.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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