Eurozone CPI

European Session – Euro reverses post – German Ifo rally

Posted on February 24, 2014 at 2:42 pm GMT

An unexpected rise in German business morale gave a boost to the euro which rallied close to a 7-week high versus the dollar. Gains were capped after Eurozone annual inflation came in well below the European Central Bank’s target. The February German Ifo business climate index reached its highest level since July of 2011, hitting 111.3, versus 110.6 the previous month. A separate report showed Eurozone CPI rose to above-forecast at 0.8%. However, the reading was below the ECB’s 2% [..]

Forex News – Eurozone inflation below 1% for 4th consecutive month

Posted on January 31, 2014 at 1:24 pm GMT

An unexpected drop in Eurozone CPI for January 31, 2014 raised fears of deflationary pressures in the region. According to data released on Friday from the EU’s statistics office, Eurostat, consumer prices fell to 0.7% year-on-year in January compared to 0.8 % in December. This was the lowest level since October, which was when inflation reached a near 4-year low. January’s drop in the rate of inflation surprised analysts who had forecast a slight acceleration to 0.9%. It is the [..]

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