Eurozone HICP (Index) in 2015
Eurozone HICP (Index) opened 2015 at 98.24 and closed at 100.03, a +1.82% move for the year. The high of 100.72 was reached on June 1, and the low of 98.24 on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 98.24 | 98.24 | 98.24 | 98.24 | +0.00% |
| Feb | 98.85 | 98.85 | 98.85 | 98.85 | +0.00% |
| Mar | 100.00 | 100.00 | 100.00 | 100.00 | +0.00% |
| Apr | 100.43 | 100.43 | 100.43 | 100.43 | +0.00% |
| May | 100.71 | 100.71 | 100.71 | 100.71 | +0.00% |
| Jun | 100.72 | 100.72 | 100.72 | 100.72 | +0.00% |
| Jul | 100.11 | 100.11 | 100.11 | 100.11 | +0.00% |
| Aug | 100.12 | 100.12 | 100.12 | 100.12 | +0.00% |
| Sep | 100.32 | 100.32 | 100.32 | 100.32 | +0.00% |
| Oct | 100.45 | 100.45 | 100.45 | 100.45 | +0.00% |
| Nov | 100.01 | 100.01 | 100.01 | 100.01 | +0.00% |
| Dec | 100.03 | 100.03 | 100.03 | 100.03 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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