Eurozone Core Consumer Price Index (YoY) Preliminary 4.5% Vs. 4.8% Est.; 5.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Core Consumer Price Index (YoY) preliminary report shows a decrease to 4.5% from the previous 5.3%, which is also lower than the estimated 4.8%.
September 29, 2023 | 9:02 am
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The lower than expected Eurozone Core CPI may impact the Vanguard FTSE Europe ETF (VGK), as it reflects the economic health of the region.
The Eurozone Core CPI is a key indicator of inflation and economic health. A lower than expected figure suggests a slower economic growth, which may negatively impact the performance of VGK, an ETF that tracks the European market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80