Euro Area Inflation Rate YoY
Category:
Inflation Rate
Units:
Percent
In Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (19 percent of the total weight), energy (11 percent), non-energy industrial goods (29 percent) and services (41 percent). The HICP aggregates are computed as the weighted average of each country’s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the country’s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Source:
EUROSTAT
Event Details
Impact:
Medium
Country:
Symbol:
EUR
Latest Release
Previous:
2.6%
Consensus:
2.5%
Actual:
2.5%
Next Release
Date:
09:00 AM, 31 Jul 2024 (in 3 days)
Time left:
in 3 days
Consensus:
2.3%