Consumer Price Index (CPI) m/m reflects the changes in goods and services prices in the euro area in the given month compared to the previous one. The indicator is calculated from the consumer's point of view based on the data about purchased goods and services.
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.