Eurozone Consumer Price Index (MoM) For May 0.2% Vs. 0.2% Est.; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for May increased by 0.2%, matching the estimated growth and down from the 0.6% increase in the previous month.
June 18, 2024 | 9:42 am
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NEUTRAL IMPACT
The Eurozone CPI for May increased by 0.2%, in line with expectations but lower than the previous month's 0.6% rise. This could indicate a stabilization in inflation, potentially impacting the Vanguard FTSE Europe ETF (VGK).
The CPI data suggests that inflation in the Eurozone is stabilizing, which could be seen as neutral for the Vanguard FTSE Europe ETF (VGK). The ETF's performance is closely tied to economic indicators in Europe, and stable inflation may not significantly impact its short-term price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80