Consumer Price Index (MoM)
economic
Updated: 30 Nov, 10:00 am UTC
Deviation
-2.9%
Consensus
3.3%
Previous
3.4%
Actual
0.5% Description
Source: Italy
The Consumer Price Index released by the Istituto Nazionale di Statistica is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of EUR is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the EUR, while a low reading is seen as negative.