Eurozone Core Consumer Price Index (YoY) For May 2.9% Vs. 2.9% Est.; 2.7% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Core Consumer Price Index (CPI) for May remained steady at 2.9% year-over-year, matching the estimated value and slightly higher than the previous month's 2.7%.
June 18, 2024 | 9:42 am
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NEUTRAL IMPACT
The Eurozone Core CPI for May remained at 2.9%, matching estimates and slightly higher than the previous month's 2.7%. This stability in inflation could impact the Vanguard FTSE Europe ETF (VGK), which tracks European stocks.
The stability in the Eurozone Core CPI suggests a steady inflation environment, which may not significantly impact the Vanguard FTSE Europe ETF (VGK) in the short term. Investors might view this as a sign of economic stability in the Eurozone.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50