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HICP - Core (Final) close
# Revised Better / Worse Units: % y/y
Impact Actual Forecast Previous Time Date
Med 1.60 1.50 1.60 04:00 5/16




The change in price of a representative basket of goods and services excluding food, energy, alcohol and tobacco. It is a consumer price index which is compiled according to a methodology that has been harmonised across EU countries.



Why should I care?

The consumer price index reflects the country's overall inflation. Price increases give the central bank more reason to raise the interest rate. A high reading is usually considered bullish for the EUR.


The OlsenScale (SMQ)

The Olsen Scale quantifies the market activity according to the Scale of Market Quakes (SMQ).

Similar to the Richter scale which measures the release of seismic energy during an earthquake, the SMQ relates excessive pricing along various price and time scales to historical data by assigning a single number to it. On a constant basis, the scale therefore characterizes the state of the market.

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Released: May 16, 2012 4:00
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