Monitor GE Prelim CPI m/m to gauge inflation trends, impacting Eurozone interest rates and currency valuation.
Consumer prices play a significant role in overall inflation, which directly impacts currency valuation. Rising prices may prompt the central bank to increase interest rates to fulfill its mandate of controlling inflation. This event is categorized as 'All Day' because the 'Actual' figure is derived from consumer price index data reported throughout the day by six German states. Two versions of the CPI are released roughly 15 days apart: Preliminary and Final. The Preliminary report marks the earliest significant consumer inflation data for the Eurozone.
What it Measures
The change in prices for goods and services purchased by consumers.
Usual Effect
'Actual' figures exceeding 'Forecast' are generally favorable for the currency.
Source & Frequency
Destatis (latest release) - https://www.destatis.de/EN/Home/ • Published monthly, typically at the end of the current month.
How Data is Derived
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Also Known As
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Acronym
Consumer Price Index (CPI)