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Data from Eurostat. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Core Inflation YoY climbed to 1.5% in April 2013
EurostatMonthlyReleased April 2013
Eurozone Core Inflation YoY climbed to 1.5% in April 2013, up 0.2% from March's 1.3% reading. The print came in hotter than the 1.4% consensus, a hotter print than forecasters anticipated.
Latest Release
1.5
Actual
1.4
Consensus
1.3
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.45 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Bullish EU | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Core Inflation YoY (European Union) was reported at 1.5% in April 2013. This beat the market consensus of 1.4% by 0.1%. The reading rose from the previous value of 1.3%. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with EUR/JPY, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include ZEW Economic Sentiment Index (Jun 16) and Economic Sentiment (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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Core Inflation YoY - EU
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About Core Inflation YoY — European Union
DEFINITION
Core Inflation YoY is a financial indicator that measures the change in the prices of goods and services, excluding volatile items such as food and energy, over the past year. It provides insight into the underlying inflation trend and is used by economists and policymakers to assess the overall health of the economy and make informed decisions regarding monetary policy. This indicator is considered a more reliable measure of inflation as it excludes temporary price fluctuations, providing a clearer picture of long-term inflationary trends.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual 1.5 %, consensus 1.4 %.
WHAT'S NEXT
This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.50) — a useful reference for forex-focused traders.