CPI y/y (EUR) preview: Market consensus holds steady
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
The Eurozone is set to release its latest CPI y/y data on October 16, 2026, at 09:00 UTC. Market consensus anticipates a reading of 2.9%, matching the previous month’s figure. This release carries a high impact rating, making it a key indicator for assessing inflation trends within the Euro area and potentially influencing European Central Bank policy discussions.
Historically, this release has generated notable movements across EUR pairs. For EURAUD, the median 1-hour move after past releases has been 8 pips, with top-quarter releases seeing 16+ pips. EURNZD has shown a median 1-hour move of 10 pips, with top-quarter releases moving 19+ pips. Other pairs like EURCAD and EURJPY have typically seen median 1-hour moves of 7 pips, with top-quarter releases moving 14+ pips. EURCHF, EURGBP, and EURUSD have recorded median 1-hour moves of 5 pips, with top-quarter releases moving 10+ pips.
Recent CPI y/y prints have shown varied outcomes relative to forecasts. The most recent release on October 2, 2026, saw an actual of 2.9% against a forecast of 3.0%, with EURUSD moving -1.5 pips in the hour following. Prior to that, on September 17, 2026, the actual was 3.2% versus a 2.8% forecast, resulting in a -0.4 pip EURUSD move. On July 31, 2026, an actual of 3.2% against a 2.9% forecast led to a -18 pip EURUSD move.