Consumer Price Index (YoY)
The Consumer Price Index released by the Istituto Nazionale di Statistica is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of EUR is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the EUR, while a low reading is seen as negative.