The BRC-Nielsen Shop Price Index is a monthly measure of inflation across the UK. The data assesses the change in price of 500 commonly bought products to provide analysis around retail-specific and economy-wide inflation. The index separates grocery prices from other categories to paint a true picture and how food price inflation compares to that of non-food items. There are fears that British consumers could face rising prices in the coming years as a result of rising global food prices, shipping costs and Brexit red tape.
The British Retail Consortium has urged the chancellor to help keep prices low at the Budget, as shop price growth was at its lowest rate since August 2021.
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Shop prices continue to fall into deflation to reach their lowest level in three years, with furniture and clothing seeing the biggest drops in prices.
Shop prices fell into deflation for the first time in nearly three years driven by non-food retailers discounting heavily to shift their summer stock.
Shop price inflation remained unchanged in July, benefiting from high comparatives last year, but the outlook remains uncertain for the remainder of the year, according to the British Retail Consortium (BRC).
Shop price inflation has fallen to its lowest level since October 2021 as retailers’ investments in operations and supply chains is “paying off”, according to the British Retail Consortium.
Shop price inflation has eased to its lowest level since November 2021, returning to “normal levels”, the British Retail Consortium has said.
Shop price inflation fell in April to reach its lowest level since December 2021 as food and non-food inflation reached manageable levels, providing relief to many households.
Shop price inflation eased to the lowest level since December 2021 in March “as retailers continued to compete fiercely to bring prices down for their customers”.
Shop price inflation fell in February for the second consecutive month to reach the lowest level of annual growth since March 2022.
Shop price inflation fell in January to its lowest level since May 2022 as food inflation dropped for the ninth consecutive month.
Shop price inflation remained steady in December as food inflation fell for the eighth consecutive month, dropping to its lowest since June 2022.
The British Retail Consortium has warned that inflation could rocket again next year, as retailers face soaring business rates bills and the rising national living wage.
Shop price inflation eased for the fifth consecutive month, reaching its lowest level since August 2022 despite the continued squeeze on discretionary spending.
Both food inflation and shop price inflation have seen a continued drop and are at their lowest levels since August 2022 and September 2022 respectively.
Food inflation in the UK has fallen to its lowest level since September 2022, while shop price inflation continues to decelerate.
Shop price inflation hit its lowest levels seen all year in July, despite food prices remaining stubbornly high.
Food inflation in the UK slowed from April’s record-breaking rise – but was still up by more than 15% year on year in May.
Inflation is “likely to have peaked” during the first week of April, despite continuing to reach record highs in some categories, according to the latest figures from the BRC-Nielsen Shop Price Index.
The highest levels of food inflation on record drove overall shop prices to fresh highs during the ongoing cost-of-living crisis in March.
The BRC-Nielsen Shop Price Index has revealed that inflation has reached yet another high across all categories for the second time this year.
Inflation reached a record high during the first week of January, according to the newest figures from the BRC-Nielsen Shop Price Index.
