Inflation data in the euro area
- Core consumer price index (CPI) (y / y) (July), fact 1.1%, forecast 1.1%.
- Consumer Price Index (CPI) (y / y) (July), fact 2.1%, forecast 2.1%.
- Consumer price index (CPI) (m / m) (July), fact -0.3%, forecast -0.3%.
Data on the consumer price index in the euro area for July fully coincided with the forecasts, thus indicating the preservation of the target level of inflation, but pointing out the limited growth opportunities.
Fig. 1. Consumer price index (CPI) (y / y) chart
The dynamics of the euro in the publication of this report remains low-key. Stock indices of the euro area were under pressure. As a result, the growth of negative sentiment can be triggered and, as a result, the market returns to safe assets.
Fig. 2. EUR/USD chart. The current price is 1.1390.
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Hanzenko Anton
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