Germany EUR

Germany North Rhine Westphalia CPI YoY

Impact:
Low

Latest Release:

Date:
Actual:
1.8%
Forecast:
Previous/Revision:
1.8%
Period: Jul

Next Release:

Date:
Period: Aug
What Does It Measure?
The Consumer Price Index (CPI) for North Rhine-Westphalia in Germany measures the average change over time in the prices paid by consumers for goods and services. It focuses on key areas such as inflation, purchasing power, and cost of living by analyzing price changes across various categories, including food, housing, transportation, and more.
Frequency
This CPI report is released on a monthly basis and includes preliminary estimates that are later revised into final figures typically available shortly after the preliminary data release, which occurs at the beginning of each month.
Why Do Traders Care?
Traders monitor North Rhine-Westphalia's CPI figures as they have implications for monetary policy and economic health, influencing market expectations for interest rates and overall economic performance. Higher-than-expected inflation readings can lead to currency appreciation (e.g., EUR) and bullish sentiments in the stock markets due to indications of robust consumer spending, while lower readings may result in depreciation and bearish sentiments.
What Is It Derived From?
The CPI is derived from a representative basket of goods and services, collected through surveys targeting households within North Rhine-Westphalia. The index utilizes a fixed weighting methodology to account for different categories' contribution to overall consumer spending, ensuring a comprehensive reflection of price changes.
Description
The North Rhine-Westphalia CPI is published as a year-over-year (YoY) metric, comparing current price levels with those from the same month in the previous year. This method is preferred as it eliminates seasonal effects and provides a clearer view of longer-term inflation trends, which are essential for economic analysis. In addition, traders find YoY data useful for identifying consistent inflationary or deflationary trends over time.
Additional Notes
As a gauge of inflation at a regional level, the CPI can serve as a leading indicator of economic trends that may align with similar reports across other regions in Germany or the Eurozone. It is considered a key coincident economic measure, reflecting current consumer demand and spending patterns, thus helping to inform overall economic forecasts.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
1.8%
1.8%
1.8%
2%
2%
1.8%
1.8%
1.9%
1.9%
1.9%
1.9%
2%
2%
2.5%
2.5%
1.9%
1.9%
2%
2%
1.5%
1.5%
1.7%
1.7%
2.3%
2.3%
2.2%
2.2%
2.5%
2.5%
2.3%
2.3%
2.3%
2.3%
2.6%
2.6%
3%
3%
3.5%
3.5%
3%
3%
3.1%
3.1%
-0.1%
3.1%
4.2%
4.2%
5.9%
5.9%
5.8%
5.8%
6.2%
6.2%
5.7%
5.7%
6.7%
6.8%
6.9%
6.9%
8.5%
8.5%
8.3%
8.3%
8.1%
8.7%
10.4%
10.4%
11%
11%
10.1%