The 'Core Inflation Rate YoY' in the UK measures the year-over-year change in the prices of goods and services, excluding volatile items such as food and energy. It is a crucial indicator for assessing underlying inflation trends, helping the Bank of England make informed monetary policy decisions. High core inflation may lead to interest rate hikes to curb inflationary pressures, impacting financial markets by influencing bond yields and currency valuations. It provides insight into the economy's health and consumer purchasing power, making it significant for investors and policymakers.
The 'Core Inflation Rate YoY' in the UK measures the year-over-year change in the prices of goods and services, excluding volatile items such as food and energy. It is a crucial indicator for assessing underlying inflation trends, helping the Bank of England make informed monetary policy decision...