Consumer Price Index. Eurozone, 12:00 (GMT+2)

Consumer Price Index release is due at 12:00 (GMT+2) in the EU. It is predicted that October value will remain unchanged at 2.2% YoY and will drop to 0.2% MoM from 0.5% MoM. It is a key indicator of inflation in the Eurozone, which reflects the change in the value of the “basket” of goods and services over a specified period. The growth rate leads to a strengthening of the EUR, and a decrease leads to the weakening of the currency.

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