Eurozone Consumer Price Index (YoY) For May 2.6% Vs. 2.6% Est.; 2.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for May came in at 2.6% year-over-year, matching the estimated 2.6% and up from the prior 2.4%.
June 18, 2024 | 9:43 am
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The Eurozone CPI for May came in at 2.6% YoY, matching estimates and up from the prior 2.4%. This indicates stable inflation in the Eurozone, which could impact the Vanguard FTSE Europe ETF (VGK) as it reflects the economic conditions in Europe.
The CPI data indicates stable inflation in the Eurozone, which is a key economic indicator. While the data matches estimates, it shows a slight increase from the prior month, suggesting a stable economic environment. This could have a neutral impact on VGK in the short term as it reflects the overall economic conditions in Europe.
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