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
2.3%
Forecast
2.3%
Previous
2%
Euro Area Inflation Rate (CPI) for Nov came in at 2.3% versus 2.3% expected (previous 2%), in line with forecast.
What it meant for the EUR
The actual landed in line with the 2.3% forecast. A reading above forecast is generally bullish for the EUR, and below forecast bearish.
New to this release? See what Euro Area Inflation Rate (CPI) measures, the next release and its full history.