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.
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.
Shop prices continued to fall in April, as retailers tempted consumers back into non-essential stores.
Shop prices continued to fall in March, as non-food retailers struggled to entice shoppers to buy during lockdown.
Shop prices continued to fall in February, reaching the lowest rate of deflation since May 2020.
Shop prices fell at their fastest rate since 2006 as the coronavirus crisis and non-essential store closures drove struggling retailers to launch big promotions in categories such as clothing and furniture.
Shop prices fell in April at their steepest rate in over three years, exacerbated by non-food, as retailers grappled with the impact of economic uncertainty on consumer confidence and discretionary spending triggered by coronavirus.
Shop prices fell in March driven by falling non-food prices and easing food inflation, but BRC boss Helen Dickinson warns that grocery prices may rise amid seasonal shift and increased demand.
February shop prices fell despite food costs holding steady as non-food prices declined at their sharpest rate since May 2018, according to the BRC-Nielsen Shop Price Index.
The rate of deflation on shop prices eased slightly in January as falling costs in non-food were offset by increased grocery prices.