Specs
© Forex Factory
Source Eurostat (latest release)
Measures Change in the price of goods and services purchased by consumers;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, on the last business day of the current month;
Next Release Apr 30, 2014
FF Notes Eurostat bases this estimate on energy prices and EU member states that report early CPI data. While the report is narrow and void of line items, it's extremely early and can impact the market;
Why Traders
Care Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Acro Expand Consumer Price Index (CPI);