The Consumer Price Index Ex Food & Energy y/y measures changes in prices of consumer goods and services in the euro area in the specified month compared to the same month of the previous year. Food, alcohol, tobacco and energy prices are excluded from the indicator due to their high volatility. The indicator is calculated from the consumer's point of view based on the data about purchased goods and services.
The chart of the entire available history of the "European Union Core Consumer Price Index (CPI) y/y" 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.