The report tracks changes in the price of a basket of goods and services. The measure of inflation is the retail price index excluding interest payments on loans to purchase real estate (RPI-X). The Retail Price Index calculated by a uniform formula for comparison with similar indices in other countries, is called harmonized (HICP). If the index growth exceeded the planned value, the Bank of England usually raises interest rates. It has a significant impact on the market.
- Release Frequency: monthly.
- Release Schedule: 09:30 GMT, 8-13th of the month following the reporting period.
- Source: U.K. Office of National Statistics.