Date
GMT+01:00
Event Previous Forecast Actual
May, 14 07:00
★★
CPI
CPI
Country:
Date: May, 14 07:00
Importance: Medium
Previous: 0.4%; 2.1%
Forecast: 0.4%; 2.1%
Actual: -
Period: Apr

Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase. An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items.

The German CPI is significant as one of the primary gauges of inflation. As the largest Eurozone economy, inflation in Germany will contribute significantly to inflation in the Eurozone and the behavior of the European Central Bank. High or rising inflation acts as a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term.

0.4%; 2.1% 0.4%; 2.1% -
May, 14 07:00
★★
Harmonized CPI
Harmonized CPI
Country:
Date: May, 14 07:00
Importance: Medium
Previous: 0.5%; 2.2%
Forecast: 0.5%; 2.2%
Actual: -
Period: Apr

The Harmonized Index of Consumer Prices (HICP) reflects changes in the prices of consumer goods and services in a specified period of time. The HICP measures changes of the average price level for goods and services that households consume (the fixed consumer basket). HICP is pure price index. It does not reflect the changes in buying or consumption patterns, brands, and does not reflect the effect of outlet and service provider substitution.

0.5%; 2.2% 0.5%; 2.2% -
May, 14 13:30
Building Permits
Building Permits
Country:
Date: May, 14 13:30
Importance: Low
Previous: 2.9%
Forecast: 1.0%
Actual: -
Period: Mar

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

2.9% 1.0% -
May, 14 15:30
★★
Crude Oil Inventories
Crude Oil Inventories
Country:
Date: May, 14 15:30
Importance: Medium
Previous: -2032K
Forecast: -
Actual: -
Period: May

The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

-2032K - -
May, 14 23:45
Food Price
Food Price
Country:
Date: May, 14 23:45
Importance: Low
Previous: 0.5%
Forecast: -
Actual: -
Period: Apr

Measures the price change of food and food services purchased by households. Higher food prices can result in economic slowdown because less disposable income will be used for non-food expenditures. Higher food prices can also result in inflation and signal future monetary action.

Higher domestic food prices may also suggest higher food prices internationally. New Zealand 's economy is largely based on producing and exporting agricultural goods and food products. Therefore, the Food Price Index can reflect demand for New Zealand products and for the New Zealand dollar. A higher reading may suggest a strengthening of the Dollar as foreigners pay relatively more for New Zealand 's exports.

The headline number is the percentage change in the index from the previous month.

0.5% - -