MoM Change in the UK's Retail Price Index (RPI)
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 month-on-month Retail Price Index (RPI) measures the percentage change in retail prices in the UK for a specific month compared to the previous month. The RPI reflects the price trends of goods and services purchased by consumers and is widely used to assess inflation trends. This data is released monthly by the Office for National Statistics (ONS).
If the RPI increases month-on-month, it indicates rising inflationary pressures and a potential decrease in consumer purchasing power. Conversely, if the RPI decreases, it suggests deflationary risks and an improvement in consumer purchasing power. Policymakers use RPI data to adjust monetary and fiscal policies to stabilize the economy.
For example, if the RPI shows significant growth, the central bank may consider raising interest rates to curb inflation risks. Conversely, if the RPI decreases, there may be a need to strengthen economic stimulus measures. Additionally, the RPI is important for businesses and investors as it helps gauge price trends and inflation outlooks.
The month-on-month data reflects short-term fluctuations and can influence companies' pricing and marketing strategies. Therefore, businesses are required to respond quickly to changes in demand based on this data.
| 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 | ||
