New data CPI (Oct)

10/31/2024

actual 127.03, previous 126.6

The event is the Consumer Price Index (CPI) for the Eurozone (EU) in October. The actual CPI value reported is 127.03, which is higher than the previous value of 126.6. This indicates a 0.43 increase in the CPI, reflecting a 0.34% change from the previous period. The CPI is a key indicator of inflation and is closely monitored by economists, policymakers, and investors to gauge the overall price levels of goods and services in the Eurozone. A higher CPI can suggest increasing inflationary pressures, which may impact monetary policy decisions and financial markets. Given the high impact of this event, it is likely to influence market movements and trading activities involving the Euro (EUR) currency.

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