Track UK Core CPI y/y to gauge underlying inflation trends, crucial for monetary policy adjustments.
Core data impacts currency relatively lightly compared to other nations, as the overall Consumer Price Index (CPI) serves as the central bank's inflation goal.
What it Measures
This indicator tracks changes in prices for goods and services bought by consumers, excluding the more volatile categories of food, energy, alcohol, and tobacco.
Usual Effect
When the 'Actual' result exceeds the 'Forecast', it typically benefits the currency.
Source & Frequency
Office for National Statistics (latest release) - https://www.gov.uk/government/statistics • Data is published monthly, approximately 16 days after the end of the month.
How Data is Derived
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Also Known As
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Acronym
Consumer Price Index (CPI)