CPI y/y | Money Time People

Measures	Change in the price of goods and services purchased by consumers;

Usual Effect	Actual > Forecast = Good for currency;

FF Notes	This is considered the UK’s most important inflation data because it’s used as the central bank’s inflation target;

Why Traders Care	Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;

Derived Via	The average price of various goods and services are sampled and then compared to the sampling done a year earlier;

Acro Expand	Consumer Price Index (CPI);