Retail Price Index y/y shows the change in the price of goods and services to reflect household spending in the given month compared to the same month of the previous year.
In contrast to CPI, which only includes housing rent cost, the Retail Price Index includes the following housing costs: taxes, house deprecation, building insurance and other house purchase costs. Mortgage interest payments are included in the index calculation.
The chart of the entire available history of the "United Kingdom Retail Price Index (RPI) y/y" 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.