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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