Euro area CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the ECB watches when setting interest rates.
Actual
5.3%
Forecast
5%
Previous
5.3%
Euro Area Inflation Rate (CPI) for Aug came in at 5.3% versus 5% expected (previous 5.3%), above forecast, which was positive for the EUR.
What it meant for the EUR
The actual landed above the 5% forecast (0.3 above expectations). A reading above forecast is generally bullish for the EUR, and below forecast bearish. On this release the read was positive for the EUR.
New to this release? See what Euro Area Inflation Rate (CPI) measures, the next release and its full history.