Euro Area EUR

Euro Area Inflation Rate YoY Flash

Impact:
High
Source: EUROSTAT

Latest Release:

Date:
Surprise:
0.1%
| EUR
Actual:
2.2%
Forecast: 2.1%
Previous/Revision:
2.1%
Period: Nov

Next Release:

Date:
Period: Dec
What Does It Measure?
The Euro Area Inflation Rate YoY Flash measures the annual percentage change in the Consumer Price Index (CPI) for goods and services within the Eurozone, explicitly focusing on price stability and inflation dynamics. Key indicators it assesses include food, energy, industrial goods, and services, with a notable benchmark being that inflation levels above 2% typically signal the risk of economic overheating.
Frequency
This economic indicator is released monthly, with the flash estimate usually published around the end of the month, providing a preliminary overview of inflation trends before the final figures are confirmed.
Why Do Traders Care?
Traders monitor this indicator closely as it reflects the inflationary environment, which has significant implications for monetary policy decisions by the European Central Bank (ECB). Higher-than-expected inflation rates can bolster the euro's value and lead to increased volatility in stock markets, while subdued inflation may dampen currency strength and weigh on equities.
What Is It Derived From?
The inflation rate is calculated based on the prices of a basket of consumer goods and services collected from various sources, including retail outlets, service providers, and surveys conducted among households. The survey typically includes thousands of price points, with the CPI calculated as a weighted average to reflect the consumption patterns of households across the Eurozone.
Description
The Euro Area Inflation Rate YoY Flash report provides the initial estimate of consumer price changes over the last year, emphasizing year-over-year comparisons to understand inflation trends more clearly. This approach removes seasonality effects, allowing traders to gauge underlying inflationary pressures in the economy more effectively.
Additional Notes
This inflation measurement serves as a key coincident economic indicator, aligning closely with consumer spending and broader economic activity. It is often compared with other macroeconomic indicators like GDP growth rates and employment figures to provide a more comprehensive view of economic health and trends across the Eurozone.
Bullish or Bearish for Currency and Stocks
Actual value higher than expected: Bullish for EUR, Bearish for Stocks. Hawkish tone: Signaling higher interest rates or inflation concerns is usually good for the EUR but bad for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
2.2%
2.1%
2.1%
0.1%
2.1%
2.1%
2.2%
2.2%
2.2%
2%
2.1%
2%
2%
0.1%
2%
1.9%
2%
0.1%
2%
2%
1.9%
1.9%
2%
2.2%
-0.1%
2.2%
2.1%
2.2%
0.1%
2.2%
2.3%
2.3%
-0.1%
2.4%
2.3%
2.5%
0.1%
2.5%
2.4%
2.4%
0.1%
2.4%
2.4%
2.2%
2.3%
2.3%
2%
2%
1.9%
1.7%
0.1%
1.8%
1.9%
2.2%
-0.1%
2.2%
2.2%
2.6%
2.6%
2.4%
2.5%
0.2%
2.5%
2.5%
2.6%
2.6%
2.5%
2.4%
0.1%
2.4%
2.4%
2.4%
2.4%
2.6%
2.6%
-0.2%
2.6%
2.5%
2.8%
0.1%
2.8%
2.8%
2.9%
2.9%
3%
2.4%
-0.1%
2.4%
2.7%
2.9%
-0.3%
2.9%
3.1%
4.3%
-0.2%
4.3%
4.5%
5.2%
-0.2%
5.3%
5.1%
5.3%
0.2%
5.3%
5.3%
5.5%
5.5%
5.6%
6.1%
-0.1%
6.1%
6.3%
7%
-0.2%
7%
7%
6.9%
6.9%
7.1%
8.5%
-0.2%
8.5%
8.2%
8.6%
0.3%
8.5%
9%
9.2%
-0.5%
9.2%
9.7%
10.1%
-0.5%
10%
10.4%
10.6%
-0.4%
10.7%
10.2%
9.9%
0.5%
10%
9.7%
9.1%
0.3%
9.1%
9%
8.9%
0.1%
8.9%
8.6%
8.6%
0.3%
8.6%
8.4%
8.1%
0.2%
8.1%
7.7%
7.4%
0.4%
7.5%
7.5%
7.4%
7.5%
6.6%
5.9%
0.9%
5.8%
5.4%
5.1%
0.4%
5.1%
4.4%
5%
0.7%
5%
4.7%
4.9%
0.3%
4.9%
4.5%
4.1%
0.4%
4.1%
3.7%
3.4%
0.4%
3.4%
3.3%
3%
0.1%
3%
2.7%
2.2%
0.3%
2.2%
2%
1.9%
0.2%
1.9%
1.9%
2%
2%
1.9%
1.6%
0.1%
1.6%
1.6%
1.3%
1.3%
1.3%
0.9%
0.9%
0.9%
0.9%
0.9%
0.5%
-0.3%
0.4%
-0.3%
-0.2%
-0.3%
-0.1%
-0.3%
-0.2%
-0.3%
-0.1%
-0.3%
-0.3%
-0.3%
-0.3%
-0.2%
-0.2%
-0.1%
-0.2%
0.2%
0.4%
-0.4%
0.4%
0.2%
0.3%
0.2%
0.3%
0.1%
0.1%
0.2%
0.1%
0.1%
0.3%
0.4%
0.1%
0.7%
0.3%
0.7%
0.8%
1.2%
-0.1%
1.2%
1.2%
1.4%
1.4%
1.4%
1.3%
1.3%
1.3%
1%
1%
1%
0.7%
0.7%
0.7%
0.8%
0.9%
0.9%
1%
1%
1%
1%
1.1%
1.1%
1.3%
1.2%
1.2%
1.2%
1.2%
1.3%
1.7%
-0.1%
1.7%
1.6%
1.4%
0.1%
1.4%
1.4%
1.5%
1.5%
1.5%
1.4%
1.4%
1.4%
1.6%
1.6%
1.8%
1.9%
-0.2%
2%
2%
2.2%
2.2%
2.2%
2.1%
2.1%
2.1%
2%
2%
2.1%
2.1%
-0.1%
2.1%
2%
2%
0.1%
2%
1.2%
1.9%
0.8%
1.9%
1.9%
1.2%
1.2%
1.3%
1.3%
-0.1%
1.4%
1.4%
1.1%
1.2%
1.2%
1.3%
1.3%
1.3%
1.4%
1.4%
1.4%
1.5%
1.5%
1.5%
1.4%
1.4%
1.4%
1.5%
1.5%
1.5%
1.5%
1.5%
1.4%
1.3%
0.1%
1.3%
1.3%
1.3%
1.3%
1.2%
1.4%
0.1%
1.4%
1.5%
1.9%
-0.1%
1.9%
1.8%
1.5%
0.1%
1.5%
1.8%
2%
-0.3%
2%
2%
1.8%
1.8%
1.6%
1.1%
0.2%
1.1%
1.4%
0.6%
-0.3%
0.6%
0.6%
0.5%
0.5%
0.5%
0.4%
0.4%
0.4%
0.2%
0.2%
0.3%
0.2%
-0.1%
0.2%
0.1%
0.1%
0.1%
0.1%
0%
-0.1%
0.1%
-0.1%
-0.1%
-0.2%
-0.2%
-0.1%
0%
-0.1%
-0.1%
-0.1%
-0.2%
-0.2%
0%
0.3%
-0.2%
0.4%
0.4%
0.2%
0.2%
0.4%
0.2%
-0.2%
0.1%
0.2%
0.1%
-0.1%
0%
0%
-0.1%
-0.1%
0%
0.1%
-0.1%
0.2%
0.1%
0.2%
0.1%
0.2%
0.2%
0.2%
0.2%
0.2%
0.3%
0.3%
0.2%
0%
0.1%
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