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YoY Change in Preliminary Core Harmonized Index of Consumer Prices (HICP) in the Eurozone

Country:
EUREurozone
Importance:
★★★
Data Trends
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ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About YoY Change in Preliminary Core Harmonized Index of Consumer Prices (HICP) in the Eurozone

The flash estimate of the Harmonized Index of Consumer Prices (HICP core index) year-over-year is an indicator that shows how much the prices of goods and services purchased by consumers in the Eurozone have increased or decreased in a specific month compared to the same month the previous year. This data is published monthly by Eurostat and represents the initial preliminary figures.

The HICP core index, which excludes food and energy prices, reflects underlying price trends and is crucial for understanding the core inflation rate. The year-over-year data is helpful in tracking how core inflation has fluctuated over a long period.

This information serves as a reference for policymakers to assess core inflation trends and formulate appropriate monetary policies. It also provides critical information for businesses and investors for gauging price trends and economic forecasts.

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