Home Artikel Market News Preview For UK CPI On August 2020

Preview For UK CPI On August 2020


What Is UK CPI?

The Consumer Price Index (CPI) released by the Office for National Statistics to measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.

The purchasing power of GBP is effected by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the GBP, while a low reading is seen as negative or Bearish.

What Happened In Previous Report?

In July, the inflation in UK increased by 1.0%, improving from a 0.6% in the previous month.

What Is Market Expectations For This Time?

The analysts expect the anual inflation in UK growth at slow pace to a 0.1%, while the core CPI to slow to 0.8% on anually, compared to the previous month at 1.8%.

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