The 'Inflation Rate MoM' in the UK measures the percentage change in the price level of a basket of goods and services from one month to the next. It is a crucial indicator of inflationary trends and helps policymakers, businesses, and investors understand the current economic conditions. A higher-than-expected inflation rate can lead to tighter monetary policy by the Bank of England, impacting interest rates and financial markets. This measure is significant as it influences consumer purchasing power, cost of living, and overall economic stability.
The 'Inflation Rate MoM' in the UK measures the percentage change in the price level of a basket of goods and services from one month to the next. It is a crucial indicator of inflationary trends and helps policymakers, businesses, and investors understand the current economic conditions. A highe...