Office for National Statistics (latest release)MeasuresChange in the price of goods and services purchased by consumers;Usual Effect'Actual' greater than 'Forecast' is good for currency;FrequencyReleased monthly, about 16 days after the month ends;Next ReleaseJul 16, 2025FF NotesThis is considered the UK's most important inflation data because it's used as the central bank's inflation target;Why Traders

CareConsumer 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 ViaThe average price of various goods and services are sampled and then compared to the sampling done a year earlier;Acro ExpandConsumer Price Index (CPI);