Consumer Price Index m/m reflects the change in prices for 700 separate consumer goods and services in the given month compared to the previous month. The items are reviewed from time to time to reflect actual economic, technological and cultural patterns. Data collected from over 120,000 companies are used for the index calculation.
Consumer Price Index is one if the indicators of inflation. The index growth may have a positive effect on the British pound quotes.
The chart of the entire available history of the "United Kingdom Consumer Price Index (CPI) m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.