Consumer Price Index excl. Tobacco m/m shows changes in prices for goods and services in the reported month compared to the previous month. The indicator is calculated from the consumer's point of view based on the data about purchased goods and services. Prices for tobacco products are excluded from the calculation.
CPI is one of the key inflation indicators in the euro area. It is used to analyze the state of the economy in the region and assess the consumer behavior.
The current value exceeding the forecast one affects EUR positively.