YoY Change in Preliminary Harmonized Index of Consumer Prices (HICP) in the Eurozone
Eurozone| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The flash estimate of the Harmonized Index of Consumer Prices (HICP) 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 preliminary figures.
Year-over-year data helps in understanding how consumer prices have fluctuated over a long period. If the HICP increases, it indicates rising inflationary pressures, which could decrease consumer purchasing power. Conversely, if the HICP decreases, there is a risk of deflation, potentially increasing consumer purchasing power.
This data serves as a reference for policymakers to assess inflation trends and develop appropriate monetary policies. It also provides crucial information for businesses and investors for gauging price trends and economic forecasts.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
