Eurozone December CPI Up 2.7% Year-on-Year... In Line with Expectations
Eurostat, the statistical office of the European Union (EU), announced on the 17th (local time) that the Eurozone Consumer Price Index (CPI) for December rose by 2.7% compared to the same period last year. This matched the expected figure (2.7%).
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The CPI is an index that reflects the price changes of goods and services purchased by consumers. If the actual figure is higher than expected, it indicates a positive outlook and value for the euro, while a lower figure implies a negative outlook.
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