YoY Change in the UK's Consumer Price Index (CPI)
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-over-year Consumer Price Index (CPI) measures the percentage change in consumer prices compared to the same month in the previous year. The CPI reflects the price trends of goods and services purchased by consumers and is widely used to evaluate inflation trends. This data is published monthly by the Office for National Statistics (ONS).
If the CPI increases year-over-year, it indicates rising inflationary pressures, which may lead to a decrease in consumer purchasing power. Conversely, if the CPI decreases, it suggests a risk of deflation, potentially improving consumer purchasing power. Policymakers use CPI data to adjust monetary and fiscal policies to stabilize the economy.
For example, if the CPI shows high growth, the central bank might consider raising interest rates to mitigate inflation risks. Conversely, if the CPI is decreasing, it may indicate a need to strengthen economic stimulus measures. Additionally, the CPI is an important indicator for businesses and investors, helping them forecast price trends and inflation outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
