A monthly indicator of price changes at the most popular retail outlets in the United Kingdom. The index takes into account five hundred of the most commonly purchased goods and gives insight into consumer-price inflation. Shop Prices differentiate themselves from British CPI by coming out days before the headline inflation figure. Increases in the BRC Shop Price Index are bullish for the Pound, given that the Bank of England usually raises interest rates to control inflation reflected in the BRC. Conversely, a falling BRC Shop Price Index suggests falling price pressures.

BRC appear in the headlines as the monthly percentage change for the BRC Shop Price Index.

Relevance: Rarely affects markets
Release schedule : 9:30 (GMT); monthly, the first week after the reporting period
Source of report : British Retail Consortium
Web Address : http://www.brc.org.uk/
Address of release : http://www.brc.org.uk/
Refer > Current Affairs > Shop Price Index > United Kingdom