CPI inflation report for August for whole euro area was a key reading scheduled for the European morning today. However, as it was a revision, it was not expected to show any major deviations from preliminary readings. While core reading confirmed slowdown suggested by flash report, headline reading showed a slowdown compared to 5.3% YoY signaled in preliminary report. Nevertheless, it failed to trigger any major reaction on EUR market.
Euro area, CPI inflation for August
Start investing today or test a free demoOpen account Try demo Download mobile app Download mobile app
- Headline: 5.2% YoY vs 5.3% YoY in first release (5.3% YoY previously)
- Core: 5.2% vs 5.3% YoY in first release (5.5% YoY previously)
EURUSD barely saw any reaction to final CPI data and stays below short-term resistance in the 1.0695 area. 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.