Monitor the UK BRC Shop Price Index y/y to anticipate consumer inflation trends before official data.
This report, which typically precedes the government-released consumer inflation data by approximately 10 days, focuses specifically on goods sold by retailers who are part of the BRC. It is generally published a day ahead of the Bank of England's interest rate announcement. Comprehensive reports are exclusive to BRC subscribers.
What it Measures
Variation in prices of goods bought at retail outlets affiliated with the BRC.
Usual Effect
A figure exceeding the forecast is favorable for the currency.
Source & Frequency
British Retail Consortium (latest release) - https://www.brc.org.uk/ • Issued monthly, typically on the last Wednesday of the month.
How Data is Derived
N/A
Also Known As
N/A
Acronym
British Retail Consortium (BRC)