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
2.5%
Forecast
2.7%
Previous
1.9%
Euro Area Inflation Rate (CPI) for Mar came in at 2.5% versus 2.7% expected (previous 1.9%), below forecast, which was negative for the EUR.
What it meant for the EUR
The actual landed below the 2.7% forecast (0.2 below expectations). A reading above forecast is generally bullish for the EUR, and below forecast bearish. On this release the read was negative for the EUR.
New to this release? See what Euro Area Inflation Rate (CPI) measures, the next release and its full history.