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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GreeceGreece Harmonized Inflation Rate YoY climbed to 0.1% in March 2013
FMPMonthlyReleased March 2013
Greece Harmonized Inflation Rate YoY climbed to 0.1% in March 2013, up 0.1% from February's 0.0% reading. The print came in hotter than the 0.0% consensus, a hotter print than forecasters anticipated.
Latest Release
0.1
Actual
0
Consensus
0
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 | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Harmonized Inflation Rate YoY (Greece) was reported at 0.1% in March 2013. This beat the market consensus of 0% by 0.1%. The reading rose from the previous value of 0%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Harmonized Inflation Rate YoY - GR
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About Harmonized Inflation Rate YoY — Greece
DEFINITION
The Harmonized Inflation Rate YoY is a widely used financial indicator that measures the annual change in prices of goods and services in a country, taking into account the impact of taxes and subsidies. It provides a comprehensive and standardized view of inflation, allowing for comparison between different countries. This indicator is important for policymakers, businesses, and investors as it reflects the overall health of an economy and can influence monetary policy decisions. A higher Harmonized Inflation Rate YoY may indicate rising prices and potential economic instability, while a lower rate may suggest a stable and healthy economy.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 0.1 %, consensus 0 %.