Correlation Analysis
Real Gross Domestic Product for United Kingdom (DISCONTINUED) vs Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United Kingdom
CLVMNACSCAB1GQUK vs GBRCPIALLMINMEI
+0.972
Very strong positive
When one moves up, the other tends to follow.
AI Analysis
The strong correlation between Series A (CLVMNACSCAB1GQUK) and Series B (GBRCPIALLMINMEI) suggests that movements in one series closely track the other, indicating that they are likely influenced by similar economic factors. Notably, Series B tends to lead Series A by five periods, which means shifts in the inflation measure may precede changes in the broader economic indicator. However, investors should be cautious about relying solely on this relationship, as correlations do not imply causation, and external economic conditions could influence these trends differently over time.
Timing Offset
y leads x by 5 periods
GBRCPIALLMINMEI tends to move before CLVMNACSCAB1GQUK.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: +0.986 (13 lags scanned)
R-Squared
95.0%
Share of variance in one series explained by the other.
Trend Agreement
85.7%
How often both series moved in the same direction period-to-period.
Overlap Quality
183
Usable shared window — 183 usable pairs.
Significance
p < 0.001
95% CI: [0.951, 0.987] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
183 paired observations survived the daily window.
Raw input
183
843
Normalized
183
843
Prepared
183
843
Aligned
183
183
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
660
A: 0 / B: 660
Series A
CLVMNACSCAB1GQUK
Real Gross Domestic Product for United Kingdom (DISCONTINUED)
FRED · 183 raw → 183 prepared
Series B
GBRCPIALLMINMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United Kingdom
FRED · 843 raw → 843 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0003
Linear regression slope.
Intercept
-24.1899
Linear regression intercept.
Saved 13 hours ago · ID: fred-clvmnacscab1gquk-vs-fred-gbrcpiallminmei-daily-20260406-3wqfwa