Germany EUR

Germany CPI

Impact:
High
Source: Federal Statistical Office

Latest Release:

Date:
Actual:
118.1
Forecast: 118.1
Previous/Revision:
117.6
Period: Feb

Next Release:

Date:
Forecast: 118.6
Period: Mar
What Does It Measure?
Germany's Consumer Price Index (CPI) measures the average change over time in the prices paid by consumers for a basket of goods and services, reflecting inflation in the economy. It primarily focuses on consumer expenditures, assessing key areas such as housing, food, transportation, and health care, with significant implications for cost-of-living adjustments and purchasing power.
Frequency
The CPI is released monthly, typically published within the first week of the month following the reporting period and represents final figures, reflecting a comprehensive overview of consumer price changes.
Why Do Traders Care?
Traders closely monitor Germany's CPI as it serves as a key indicator of inflationary pressures and economic health, influencing financial markets significantly. Higher-than-expected CPI readings can be bullish for the euro and domestic equities, while disappointing figures may depress market sentiment for these assets.
What Is It Derived From?
The CPI is derived from a monthly survey that collects price data on a wide range of goods and services from various sources, including retail establishments, service providers, and online platforms. The index is calculated using a weighted average of prices, employing a representative sample of the products consumed by households across Germany.
Description
The CPI provides insights into inflation trends, with month-over-month (MoM) and year-over-year (YoY) comparisons being the most common reporting methodologies. The YoY measure is particularly useful for gauging long-term price trends and eliminating seasonal volatility, making it essential for understanding overarching economic conditions.
Additional Notes
As a lagging economic indicator, the CPI reflects past consumer behavior and price changes, thus helping economists and analysts discern inflation trends within the broader economic landscape. It is often compared to other indices, such as the Producer Price Index (PPI), to assess inflation dynamics from different economic perspectives, both regionally and globally.
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
Mar 12, 2024
118.1
 118.1
117.6
Feb 09, 2024
117.6
 117.9
117.4
-0.3
Jan 16, 2024
117.4
 117.4
117.3
Dec 08, 2023
117.3
 117.3
117.8
Nov 08, 2023
117.8
 117.8
117.8
Oct 11, 2023
117.8
 117.8
117.5
Sep 08, 2023
117.5
 117.5
117.1
Aug 08, 2023
117.1
 117.2
116.8
-0.1
Jul 11, 2023
116.8
 116.8
116.5
Jun 13, 2023
116.5
 116.5
116.6
May 10, 2023
116.6
 116.6
116.1
Apr 13, 2023
116.1
 116.1
115.2
Mar 10, 2023
115.2
 115.2
114.3
Feb 22, 2023
114.3
 121.8
113.2
-7.5
Jan 17, 2023
120.6
 120.6
121.6