Friday, September 29, 2023

BREAKING: EUR weakens after final inflation data

The August consumer price index inflation report for the entire euro area was an important reading due to take place in Europe this morning. However, since this was a revision, no major deviations from the preliminary values ​​were to be expected. While the baseline confirmed the slowdown suggested in the preliminary report, the overall value showed a slowdown compared to the 5.3% YoY suggested in the preliminary report. However, it did not trigger a major reaction in the euro market.

Eurozone, CPI at the end of August

    • Main: 5.2% y/y vs. 5.3% y/y at first launch (5.3% y/y before)
    • Baseline: 5.2% vs. 5.3% YoY at first launch (5.5% YoY before)

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Nation World News Desk
Nation World News Desk
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