Today’s given signal : https://t.me/calendarsignal/9827
Introduction
The Europe Consumer Price Index (CPI) analyses recent trends and provides in-depth data analysis for consumer goods and services. It also discusses implications for consumers and the economy.
Key Components
The Europe CPI includes a wide range of items such as food, housing, clothing, transportation, and recreation. Understanding the weighting of these components is crucial for interpreting the overall index. This slide will delve into the key components and their impact on the CPI.
Selecting the CPI market basket
The first stage in constructing the CPI is to determine the CPI market basket. This “basket” contains the goods and services represented in the index and the relative importance, or weight, attached to each of them. The idea is to make the weight of the items in the CPI basket the same as in the budget of an average urban household.
For the purposes of this discussion and as the source for all the charts that appear here, only original Labor Department data is used and all issues elated to such things as hedonic adjustments, geometric weighting, and other factors that contribute to the “reported” rate of inflation almost always coming in lower than the rate of inflation experienced in the “real” world will be ignored.
The most important item in a household’s budget is housing, which accounts for 43.2 percent of total expenditure. Food and beverages comes next at 15.8 percent. Third in relative importance is transportation at 15.31 percent. These three groups account for almost three quarters of the average household budget. Medical care and education and communication take a bit more than 6 percent each. Recreation takes 5.74 percent, and apparel takes 3.69 percent. Another 3.39 percent is spent on other goods and services.
Previous released data results :
On last CPI data (17-11-2023) we predict to SELL EURUSD as for bad EURO CPI Data price was fall..
Check the previous blog :
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