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 BRC-Nielsen Shop Price Index has revealed that inflation has reached yet another high across all categories for the second time this year.
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Inflation reached a record high during the first week of January, according to the newest figures from the BRC-Nielsen Shop Price Index.
UK inflation dipped in December but remains at one of the highest levels since records began as the cost-of-living crisis continues.
Food inflation has risen to its highest rate on record, accelerating to 13.3% last month, the latest figures from the BRC-Nielsen Shop Price Index have shown.
With shop price inflation showing no signs of slowing down heading into the final month of the year, the British Retail Consortium has predicted an “increasingly bleak” winter for retail.
Shop prices hit record highs in September as retailers looked ahead to the next business rates revaluation with trepidation.
Shop prices have hit a new record high as retailers struggle to shoulder the burden of mounting cost pressures.
Shop prices rose in July at the highest rate since records began in 2005.
Shop prices rose further in May as inflationary pressures took their toll on retailers’ margins.
Shop prices have reached record highs across all categories as cost pressures from the war in Ukraine and Shanghai’s lockdown mount.
Shop prices have risen for the fifth consecutive month as retailers grapple with cost inflation.
Retail prices increased to the highest rate recorded since November 2011 last month, accelerated by a rise in fresh food inflation in February.
Shop price inflation soared in December, driven by an increase in non-food inflation, as the cost of living rises across the UK.
Prices at the shelf edge are set to rise at a “faster rate” this year as retailers struggle to absorb a perfect storm of cost pressures.
Shop prices rose for the first time in two and a half years as the combination of supply chain disruption, labour shortages and rising commodity prices impacted consumers.
While shop prices fell in October, supply chain issues are putting cost pressures on key items in the lead up to Christmas.
While shop prices fell in September, the rate of decline slowed following an increase in pressures from transport and commodity costs and labour shortages.
While shop prices fell in the month of August, deflation eased for the period as experts warned of looming inflation due to wider macroeconomic issues, such as the ongoing supply chain issues.
Shop prices fell at a faster rate in July than in June as supermarkets kept prices low to entice customers away from competitors.
Retail prices fell slightly faster in June compared with May, but this trend is not expected to last as retailers battle rising costs.
Retail price rises are looming as industry costs rise and demand increases following pandemic and supply chain disruption.
