The 'Core Inflation Rate MoM' in the UK measures the monthly change in the price of goods and services, excluding volatile items like food and energy. It is a crucial indicator for assessing underlying inflation trends, influencing monetary policy decisions by the Bank of England. A higher-than-expected core inflation rate can lead to tighter monetary policy, impacting interest rates and financial markets. This measure is significant as it reflects the underlying inflationary pressures in the economy, guiding investors and policymakers in their economic assessments.
The 'Core Inflation Rate MoM' in the UK measures the monthly change in the price of goods and services, excluding volatile items like food and energy. It is a crucial indicator for assessing underlying inflation trends, influencing monetary policy decisions by the Bank of England. A higher-than-e...