retail price index (x of retail price in) refers to the price index of retail goods paid in the form of cash or credit card. Each month, the U.S. Department of Commerce conducts a nationwide sample survey of retail goods, including furniture, electrical appliances, supermarket products, medicine, etc., but excluding the consumption of various service industries. Car sales constitute the largest single component of retail sales, accounting for about 25% of the total. statistical method the Statistics Bureau of the US Department of Commerce conducts a national sample survey of retail industry every month. The survey objects are various types and scales of retail industry (all registered companies of the Department of Commerce). Because of the wide range of retail industry, random sampling is adopted to obtain more representative data. Durable goods retailers include car retailers, supermarkets, drug and alcohol dealers. It is difficult to collect and calculate the data of service industry, so it is excluded. However, service industry is also an important part of consumption expenditure, which can be seen from individual consumption expenditure (including commodity retail and service). data interpretation many foreign exchange market analysts pay great attention to the change of retail price index. . the rapid development of social economy and the increase of personal consumption will lead to the rise of retail prices. This indicator will continue to rise, which may bring inflationary pressure, make the government tighten the money supply, and the rising interest rate will bring favorable support to the country's currency. As a result, the index is positive and theoretically better than the country's currency.
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Detailed explanation of retail price index (RPL) of speculation on foreign exchange economic indicators