Eurozone Core Consumer Price Index (YoY) Preliminary For July 2.9% Vs. 2.8% Est.; 2.9% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Core Consumer Price Index (CPI) for July came in at 2.9% year-over-year, slightly above the estimated 2.8% and matching the prior month's figure of 2.9%.
July 31, 2024 | 9:28 am
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The Eurozone Core CPI for July was reported at 2.9% YoY, slightly above the 2.8% estimate. This could indicate persistent inflationary pressures in the Eurozone, potentially impacting the Vanguard FTSE Europe ETF (VGK).
The Eurozone Core CPI coming in slightly above expectations suggests persistent inflationary pressures. This could affect the Vanguard FTSE Europe ETF (VGK) as it is exposed to European markets. However, the impact may be neutral in the short term as the figure matches the prior month's data.
CONFIDENCE 90
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