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.
The indicator growth can have a positive impact on the euro quotes.
The chart of the entire available history of the "European Union Consumer Price Index (CPI) excl. Tobacco m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.