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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom BRC Shop Price Index MoM fell to -0.8% in December 2013
FMPMonthlyReleased January 2014
United Kingdom BRC Shop Price Index MoM fell to -0.8% in December 2013, released January 2014, down 0.5% from November's -0.3% reading.
Latest Release
-0.800000
Actual
—
Consensus
-0.300000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
BRC Shop Price Index MoM (United Kingdom) was reported at -0.8% in January 2014. The reading fell from the previous value of -0.3%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Change (Jun 18) and Unemployment Rate (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update January 2014.
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BRC Shop Price Index MoM - UK
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About BRC Shop Price Index MoM — United Kingdom
DEFINITION
The BRC Shop Price Index MoM is a monthly financial indicator that measures the change in retail prices of goods sold by UK retailers. It is published by the British Retail Consortium (BRC) and provides valuable insights into the current inflationary trends in the retail sector. This index is widely used by economists, policymakers, and investors to gauge the overall health of the UK economy and make informed decisions. A higher BRC Shop Price Index MoM indicates an increase in consumer prices, while a lower index suggests a decrease in retail prices.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2014): actual -0.8 %. Prior reading (Apr 2013): 1.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.