Nowcasting the inflation in Euro Area requires analyzing a blend of high-frequency indicators, like prices of Energy, gasoline, electricity, transport, food and lumber as they provide insight into the overall price development.
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The Commodity Terms of Trade Index from Citi is an index that measures the ratio of export to import prices of commodities within the Euro Area. This index reflects changes in the terms of trade for commodities, indicating whether the region is benefiting from favorable price movements in the commodities it exports versus those it imports. A higher index value suggests improved terms of trade, meaning the region can export commodities at relatively higher prices, while a lower value indicates a decline in favorable trade conditions. It serves as an important indicator of economic health and trade dynamics in the Euro Area.
The average price of Euro-Super 95 gasoline across the Eurozone, expressed in euros. This gasoline type, which is widely used across Europe, meets the Euro-Super 95 fuel standard, typically with an octane rating of 95. The price is weighted to account for differences in consumption levels across various countries in the Euro Area, providing an overall view of gasoline prices in the region. This data helps monitor fuel price trends and energy costs for consumers and businesses across the Eurozone.
The closing price of the FTSEurofirst 300 Index for the Oil & Gas and Energy sectors in the Euro Area, measured in euros (EUR). This index reflects the price performance of 300 leading companies in the oil, gas, and energy industries across Europe. The "Price Return" indicates the index value based solely on price changes, excluding dividends. It provides insight into the overall performance and trends within the energy sector in European equity markets.
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