WEDNESDAY 3:30AM GBP/CPI
Source
Measures
Change in the price of goods and services purchased by consumers;
Usual Effect
'Actual' greater than 'Forecast' is good for currency;
Frequency
Released monthly, about 16 days after the month ends;
Next Release
FF Notes
This is considered the UK's most important inflation data because it's used as the central bank's inflation target;
Why Traders
Care
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived Via
The average price of various goods and services are sampled and then compared to the sampling done a year earlier;
Acro Expand
Consumer Price Index (CPI);
History
Actual
Forecast
Previous
2.1%
1.9%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.1%
2.1%
2.2%
1.9%
1.9%
2.0%
1.9%
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