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01-07-2022

This article includes an explanation of the core consumer price index in the United States and its importance, with a look at previous data and expectations for today's data with its impact on the market and inflation, and what the Fed is waiting for from these data to fight inflation

This indicator is derived from the Consumer Price Index, and measures the change in the prices of goods and services excluding foodstuffs and energy.
The Consumer Price Index measures the change in prices from the point of view of the consumer
It is a primary means of measuring changes in purchasing trends and inflation rates in the Eurozone

The annual inflation rate in the eurozone was confirmed at a record high of 8.1% in May of 2022, above 7.4% in each of the previous two months and four times higher than the previous year. There was a widespread increase in prices, with energy (39.1%), food, alcohol and tobacco (7.5%), services (3.5%) and non-energy industrial goods (4.2%) being the biggest upward pressure. Eurozone inflation remains well above the ECB's 2% target and the central bank will start raising borrowing costs from July to bring them back to the target.

Estimate for today's data 8.5%
The indicator will be issued at twelve noon, Mecca time