Track the EZ Core CPI Flash Estimate y/y to gauge inflation trends that influence ECB rate decisions.
Consumer prices are a key component of overall inflation. Inflation significantly influences currency value, as increasing prices compel central banks to hike interest rates to fulfill their mandate of controlling inflation. Eurostat derives this estimate from early CPI data reported by 13 euro area member nations. There are two versions of this report, released approximately two weeks apart: the Flash version and the Final version. The Flash report, first published in April 2013, is the earliest and typically exerts the most influence.
What it Measures
The change in prices for goods and services purchased by consumers, excluding food, energy, alcohol, and tobacco.
Usual Effect
When the 'Actual' result exceeds the 'Forecast', it is generally favorable for the currency.
Source & Frequency
Eurostat (latest release) - https://ec.europa.eu/eurostat/web/main/home • This report is released monthly, on the last business day of each month.
How Data is Derived
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Also Known As
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Acronym
Consumer Price Index (CPI)