Euro-Zone Core CPI (Y/Y)
The core Consumer Price Index, released by Eurostat measures the changes between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The data doesn't affect the markets significantly because CPI is the European Central Bank's mandated inflation target. The CPI is also expressed as Core CPI, a similar measure that excludes energy and food in the basket of goods for the reason that items are highly volatile in price and can distort the CPI. Core CPI provides a better representation of inflation.