Core CPI y/y (EUR) comes in at 2.5% against 2.5% consensus

Eurozone Core CPI year over year was reported at 2.5% for the latest period. This figure matched the market consensus estimate, which was also 2.5%. The previous reading for this indicator stood at 2.5%. The surprise versus consensus registered at 0.0%.

Following the release, market movements for EUR pairs were observed over the initial 15 minutes. EURAUD moved -4.4 pips, while EURCAD registered -3.3 pips. EURCHF saw a +0.9 pip change, and EURGBP also moved +0.9 pips. EURJPY showed a +9.5 pip change, EURNZD moved -4.4 pips, and EURUSD changed by +1.4 pips. These initial reactions are generally smaller when compared to the typical median 1-hour moves for these pairs, which range from 5 pips for EURCHF, EURGBP, and EURUSD, to 10 pips for EURNZD, based on historical data.