Flash CPI inflation data for February from euro area was released today at 10:00 am GMT. Report was expected to show a deceleration in headline as well as core price growth measures. However, as flash data from major euro area economies was already released earlier this week, today's print was not expected to trigger any major market moves.
However, actual report showed smaller-than-expected deceleration in both measures, with headline inflation slowing from 2.8 to 2.6% and core inflation slowing from 3.3 to 3.1% YoY. This was quite a noticeable miss, especially in case of core CPI and triggered an uptick on EUR market, as well as a dip on European equities. Nevertheless, scale of moves was limited.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appEuro area, CPI inflation for February
- Headline: 2.6% YoY vs 2.5% YoY expected (2.8% YoY previously)
- Core: 3.1% YoY vs 2.9% YoY expected (3.3% YoY previously)
EURUSD jumped following higher-than-expected CPI data from euro area. The pair briefly traded at a fresh daily high. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
