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 rising price of both fresh and ambient food is driving overall inflation, as the £7bn of added costs from last year’s Budget continue to feed through to customers.
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Food prices jumped for the fourth month in a row, as retailers are now faced with absorbing an additional £5bn in costs from last year’s controversial Budget.
Recent figures suggest that food price inflation is slowly creeping back up, according to the BRC-Nielsen shop price index.
Despite ongoing global economic headwinds and strong comparisons year on year, warmer weather and Mother’s Day both helped retail sales over the month of March.
Shop prices remained deflated in March, with most non-food categories driving this fall despite retailers facing increased costs from the budget.
Shop prices have remained in a state of deflation in February, but there are warnings that inflation can rise due to recent price hikes, geopolitical tensions, and the £7bn in added retail costs.
Shop price deflation in the first month of the year was driven by retailers offering customers deep discounts during the period.
Shop prices will increase during the course of 2025 after the key festive trading period failed to meet expectations, according to the British Retail Consortium.
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.
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.
