What is this news
Core CPI is the same inflation measure, but with food and fuel removed because their prices swing a lot. This shows the real inflation trend. Released by EUROSTAT. This comes every month.
How important it is
Central banks often focus more on core inflation than headline, because it shows lasting inflation trends. This is a High impact event on FxGram: EUR pairs often see sharp moves at this time.
What this data does
Generally, if core inflation comes in above forecast, expectations of rates staying high increase; if lower, it suggests easing.
This is just general knowledge (textbook), not a prediction for this release. The market may react differently. This is not buy-sell advice.