Final data released a few moments ago
- -1.0% prev
- yy +0.4% as flash vs +0.2% prev
No shocks here.
EURUSD 1.1028 EURGBP nudging up through 0.7920, possibly month-end related/pre-empting adding a bit of supply to cable which is lower at 1.3921
Harmonised Index of Consumer Prices (HICP) is an index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union (EU), on the basis of a statistical methodology that has been harmonised across all EU Member States. HICP is a measure of prices used by the Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.
The HICP are designed expressly for international comparisons of consumer price inflation across EU Member States. these harmonized inflation figures will be used to inform decisions on which Member States meet price stability convergence criterion for EMU. However, they are not intended to replace existing national Consumer Price Indices (CPIs). The coverage of the indices is based on the EU classification COICOP (classification of individual consumption by purpose).
