Eurozone Consumer Price Index (MoM) For August 0.5% Vs. 0.6% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for August was reported at 0.5%, slightly below the estimated 0.6% and significantly higher than the previous month's -0.1%.
September 19, 2023 | 9:01 am
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NEGATIVE IMPACT
The lower than expected Eurozone CPI may impact VGK, an ETF that tracks European stocks, as it indicates slower economic growth.
The Eurozone CPI is a key economic indicator that reflects the rate of inflation. A lower than expected figure suggests slower economic growth, which could negatively impact European stocks and, by extension, the VGK ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80