Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The most recent announced value for Consumer Price Index (YoY) was 2.8% against a forecast of 3%.
Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Retail Sales (MoM) | Bearish change | 0.6% | -1.3% | ||
| Retail Sales (YoY) | Bearish change | 1.4% | 0% | ||
| Retail Sales ex-Fuel (MoM) | Bearish change | 0.1% | -0.4% | ||
| Retail Sales ex-Fuel (YoY) | Bearish change | 1.5% | 1.1% | ||
| GfK Consumer Confidence | Bullish change | -25 | -23 | ||
| S&P Global Composite PMI | Bearish change | 52.6 | 48.5 | ||
| S&P Global Manufacturing PMI | (no change) | 53.7 | 53.7 | ||
| S&P Global Services PMI | Bearish change | 52.7 | 47.9 | ||
| Consumer Price Index (MoM) | (no change) | 0.7% | 0.7% | ||
| Core Consumer Price Index (YoY) | Bearish change | 3.1% | 2.5% | ||
| PPI Core Output (MoM) n.s.a | Bullish change | 0.2% | 0.7% | ||
| PPI Core Output (YoY) n.s.a | Bullish change | 2% | 2.4% | ||
| Producer Price Index - Output (MoM) n.s.a | (no change) | 1.4% | 1.4% | ||
| Producer Price Index - Output (YoY) n.s.a | Bullish change | 3% | 4% | ||
| Retail Price Index (MoM) | Bearish change | 0.8% | 0.7% | ||
| Retail Price Index (YoY) | Bearish change | 4.1% | 3% |
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | Office for National Statistics |
| Category: | Inflation |
| Frequency: | Monthly |