Core Consumer Price Index (Core CPI) reflects seasonally adjusted changes in prices for a basket of consumer goods and services, excluding food, alcohol, tobacco and electricity. The CPI reflects price changes from the perspective of households, i.e. end consumers of goods and services.
The effect of CPI on euro quotes depends on accompanying factors. CPI growth against insufficient inflation is seen as positive for the currency. However in recession, the rise in CPI may lead to a more severe economic downturn and fall in the European currency.