CPI y/y (EUR) comes in at 2.9% against 3.2% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Eurozone annual Consumer Price Index (CPI) for August 2026 was released today, showing a year-over-year increase of 2.9%. This figure came in below the market consensus expectation of 3.2% and also marked a decrease from the previous month’s reading of 3.2%. The actual print represented a -9.4% surprise compared to the consensus forecast.
Following the release, market reactions for EUR pairs were observed over the subsequent 15 minutes. EURAUD moved -4.4 pips, EURCAD moved -3.3 pips, EURCHF moved +0.9 pips, EURGBP moved +0.9 pips, EURJPY moved +9.5 pips, EURNZD moved -4.4 pips, and EURUSD moved +1.4 pips. These initial moves are generally small 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 after past releases. For top-quarter releases, moves typically exceed 10 pips for most EUR pairs, reaching 20+ pips for EURNZD.