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CPI Flash Estimate y/y
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
The previous data was 2.6 %, the market waited for 2.6%, but it is 2.7%, so the market break out. The new trend can be LONG, because it is good for EUR.
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