EZ Core CPI Flash Estimate y/y
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Eurostat bases this estimate on 13 euro area member states that report early CPI data. There are 2 versions of this report released about two weeks apart – Flash and Final. The Flash release, which the source first reported in Apr 2013, is the earliest and thus tends to have the most impact. The Final is not reported for lack of significance;
- EZ Core CPI Flash Estimate y/y Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Feb 3, 2025 | 2.7% | 2.6% | 2.7% |
Jan 7, 2025 | 2.7% | 2.7% | 2.7% |
Nov 29, 2024 | 2.7% | 2.8% | 2.7% |
Oct 31, 2024 | 2.7% | 2.6% | 2.7% |
Oct 1, 2024 | 2.7% | 2.7% | 2.8% |
Aug 30, 2024 | 2.8% | 2.8% | 2.9% |
Jul 31, 2024 | 2.9% | 2.8% | 2.9% |
Jul 2, 2024 | 2.9% | 2.8% | 2.9% |
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- EZ Core CPI Flash Estimate y/y News
- From cnbc.com|Feb 3, 2025
The euro zone inflation accelerated to a hotter-than-expected 2.5% in January on an annual basis as energy costs jumped, flash data from statistics agency Eurostat showed Monday. Economists polled by Reuters had expected the January inflation print to come in at 2.4%, unchanged from December. So-called core inflation, which strips out food, energy, alcohol and tobacco prices, came in at 2.7% in January and has remained unchanged since September. The closely watched services inflation print meanwhile inched lower to 3.9% in January ...
- From ec.europa.eu|Feb 3, 2025
Euro area annual inflation is expected to be 2.5% in January 2025, up from 2.4% in December 2024 according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in January (3.9%, compared with 4.0% in December), followed by food, alcohol & tobacco (2.3%, compared with 2.6% in December), energy (1.8%, compared with 0.1% in December) and non-energy industrial goods (0.5%, stable compared with December).
- From ec.europa.eu|Jan 7, 2025
Euro area annual inflation is expected to be 2.4% in December 2024, up from 2.2% in November according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in December (4.0%, compared with 3.9% in November), followed by food, alcohol & tobacco (2.7%, stable compared with November), non-energy industrial goods (0.5%, compared with 0.6% in November) and energy (0.1%, compared with -2.0% in November). ...
- From ec.europa.eu|Nov 29, 2024
Euro area annual inflation is expected to be 2.3% in November 2024, up from 2.0% in October according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in November (3.9%, compared with 4.0% in October), followed by food, alcohol & tobacco (2.8%, compared with 2.9% in October), non-energy industrial goods (0.7%, compared with 0.5% in October) and energy (-1.9%, compared with -4.6% in October). The ...
- From think.ing.com|Nov 29, 2024
Today’s eurozone flash CPI should end any chance of a 50bp ECB cut next month. A large undershoot would be needed to push market expectations back in that direction after officials did not latch on to the weaker PMIs. In France, it looks as if the worst can be avoided, but the difficult politics of reining in the deficit are not going away Spanish and German CPI slightly undershot consensus, which means a 50bp cut in December is not fully off the table. Having said that, the eurozone CPI today will have to come in significantly below ...
- From ec.europa.eu|Oct 31, 2024
Euro area annual inflation is expected to be 2.0% in October 2024, up from 1.7% in September according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in October (3.9%, stable compared with September), followed by food, alcohol & tobacco (2.9%, compared with 2.4% in September), non-energy industrial goods (0.5%, compared with 0.4% in September) and energy (-4.6%, compared with -6.1% in ...
- From xm.com|Oct 25, 2024
video The Federal Reserve’s surprise decision in September to cut rates by a larger-than-expected 50-basis-points seems like a distant memory now, as policymakers are once again sending out hawkish soundbites. US economic indicators since the September meeting have been on the strong side, including the CPI report, with Fed officials cautioning that another 50-bps cut is unlikely in the near term. The sudden switch in the narrative from ‘hard landing’ to ‘soft landing’, or possibly even a ‘no landing’, has spurred a sharp reversal ...
- From corporate.nordea.com|Oct 1, 2024
Headline inflation declined to 1.8% in September. Lagarde indicated already yesterday that the October meeting is back in play, and we have changed our ECB forecast. We now expect a rate cut in October, followed by back-to-back cuts until April 2025. Euro-area headline inflation declined below the ECB target to 1.8% in September (2.2% in August) mainly due to a decline in energy prices. Core inflation slowed down as well but much less dramatically, from 2.8% to 2.7%. Both numbers were right at the consensus and indicate that ...
Released on Feb 3, 2025 |
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Released on Jan 7, 2025 |
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Released on Nov 29, 2024 |
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Released on Oct 31, 2024 |
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Released on Oct 1, 2024 |
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