German Prelim CPI (EUR) – 05/01

What is it? It checks the Change in the price of goods and services purchased by consumers.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

When? January 5th All Day.

 

 

Trading Tip: If the number is higher than the forecast, you can expect the EUR to rise.

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