Consumer Price Index (YoY)

The Bank of England is tasked with keeping inflation, as measured by the headline Consumer Price Index (CPI) at around 2%, giving the monthly release its importance. An increase in inflation implies a quicker and sooner increase of interest rates or the reduction of bond-buying by the BOE, which means squeezing the supply of pounds. Conversely, a drop in the pace of price rises indicates looser monetary policy. A higher-than-expected result tends to be GBP bullish.

Most recent - Wednesday 20 September 2023 06:00

Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.

Next event - Wednesday 18 October 2023 06:00

The typical/expected impact on GBP pairs is high.

There is no forecast value for Consumer Price Index (YoY) yet - check back for updates.

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Economic context

Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (YoY) result:

About Consumer Price Index (YoY)

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