Inflation ex-tobacco (MoM)

Actual
-0.6%
Previous
0.5%
Forecast

The Inflation ex-tobacco index released by INSEE is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services, excluding tobacco. The inflation index is a key indicator since it is used by the central bank to set interest rates. Generally speaking, a high reading is seen as positive (or bullish) for the Euro, while a low reading is seen as negative (or bearish).

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