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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Retail Price Index MoM climbed to 0.6% in July 2026
FMPMonthlyReleased August 2026
United Kingdom Retail Price Index MoM climbed to 0.6% in July 2026, released August 2026, up 0.3% from June's 0.3% reading. The reading missed the 0.8% consensus by 0.2%. Retail Price Index MoM has now risen for 3 consecutive months. Over the past 3 months, Retail Price Index MoM averaged 0.25%, vs 0.63% in the prior 3-month window. The reading is in the 80th percentile of the trailing 24-month range.
Latest Release
0.6
Actual
0.8
Consensus
0.3
Previous
Median Absolute Error
±0.2 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.73
Actual: 0.6
Error: +0.13
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.69 | COMMODITIES | Moves with | → View |
| BTC/USD | ▲ Direct | +0.43 | CRYPTO | Moves with | → View |
| EUR/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.33 | INDEX | Moves with | → View |
| GBP/USD | ▲ Direct | +0.33 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Retail Price Index MoM (United Kingdom) was reported at 0.6% in August 2026. This missed the market consensus of 0.8% by 0.2%. The reading rose from the previous value of 0.3%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.16%, ranging from -0.5% to 0.7% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.37%, up from the prior three at 0.2%. Volatility over the past year (σ 0.41%) is lower than the prior year (σ 0.47%). In August readings over the past 3 years, Retail Price Index MoM has averaged 0.37%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.2%.
WHAT TO WATCH NEXT
The next release is scheduled for September 16, 2026. Same-country events in the next 14 days include Employment Change (Sep 15) and Average Earnings incl. Bonus (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Retail Price Index MoM - UK
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About Retail Price Index MoM — United Kingdom
DEFINITION
The Retail Price Index MoM (Month-over-Month) is a key economic indicator that measures the change in the average price of goods and services purchased by consumers in a specific country or region over a one-month period. This index is used by policymakers, businesses, and investors to track inflation and consumer spending trends, providing valuable insights into the overall health of the economy. A higher Retail Price Index MoM indicates an increase in prices, while a lower index suggests a decrease in prices, making it an important tool for decision-making in the financial world.
WHY THIS INDICATOR MATTERS
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. 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 (Jul 2026): actual 0.6 %, consensus 0.8 %. Prior reading (Jun 2026): 0.3 %. Before that (May 2026): 0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.69) — a useful reference for commodities-focused traders.
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Economic Calendar - UK Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | UK | HMRC Payrolls Change | -13 | -4 | 37.00 | Low | |
| 06:00 | UK | Claimant Count Change | -11 | 8.3 | 11.00 | Low | |
| 06:00 | UK | Employment Change | 83 | 70 | 82.50 | High | |
| 06:00 | UK | Average Earnings excl. Bonus | 3.5 | 3.5 | 3.60 | Low | |
| 06:00 | UK | Average Earnings incl. Bonus | 4.1 | 3.9 | 4.10 | Medium | |
| 06:00 | UK | Unemployment Rate | 4.9 | 5 | 4.95 | High | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | UK | Retail Price Index MoM | 0.6 | 0.7 | 0.55 | Low | |
| 06:00 | UK | Retail Price Index YoY | 3.2 | 3.5 | 3.40 | Low | |
| 06:00 | UK | PPI Core Output YoY | 2.8 | 2.9 | 2.85 | Low | |
| 06:00 | UK | PPI Input MoM | -1.7 | -0.6 | -0.75 | Low | |
| 06:00 | UK | PPI Core Output MoM | 0.6 | 0.4 | 0.60 | Low | |
| 06:00 | UK | Inflation Rate YoY | 2.9 | 3.1 | 3.00 | High | |
| 06:00 | UK | Core Inflation Rate MoM | 0.2 | 0.1 | 0.05 | Low | |
| 06:00 | UK | Inflation Rate MoM | 0.3 | 0.5 | 0.40 | Medium | |
| 06:00 | UK | PPI Output MoM | 0.2 | 0.1 | 0.10 | Low | |
| 06:00 | UK | PPI Output YoY | 3.1 | 3.1 | 3.10 | Low | |
| 06:00 | UK | Core Inflation Rate YoY | 2.6 | 2.7 | 2.65 | Medium | |
| 06:00 | UK | PPI Input YoY | 4.9 | 4.7 | 4.65 | Low | |
| 08:30 | UK | House Price Index YoY | 2 | 2.1 | 2.60 | Low | |