Eurozone Consumer Price Index (MoM) Preliminary 0.2% Vs. 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for the month-over-month (MoM) preliminary data shows a 0.2% increase, down from the previous 0.6%.
May 31, 2024 | 9:03 am
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The Eurozone CPI (MoM) preliminary data shows a 0.2% increase, down from the previous 0.6%. This lower-than-expected inflation rate could impact the Vanguard FTSE Europe ETF (VGK).
The lower-than-expected CPI increase suggests weaker inflationary pressures in the Eurozone, which could lead to lower growth expectations. This may negatively impact the Vanguard FTSE Europe ETF (VGK) in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80