The index represents the goods and services price changes in retail stores.
The index calculation is based on about 130 thousands miscellaneous goods prices of the consumer market.
It is one of the indexes of the inflation rate in Great Britain.
Effect of market
The index growth or the actual value rise exceeding the forecast is a positive sign for the British Pound.
Since the retail prices index is released together with more important country’s inflationindicator (consumer price index), its influence on the British Pound dynamics is limited.