Responding to the latest CPI
inflation figures which shows headline inflation at 9.1%, and
food inflation at 8.6%, Helen Dickinson, Chief Executive of the
British Retail Consortium, said:
“Households and businesses in the UK are
continuing to feel the squeeze from rising prices, as higher
energy prices, a tight labour market and increasing transport and
commodity costs filter through to consumers. Fierce competition
for market share means that retailers will continue try to absorb
as much of these costs as possible and look for cost-savings
elsewhere.”
“Retailers are working hard to do what they can to protect their
customers from price rises, including by expanding value ranges,
keeping the cost of essentials down and providing discounts for
certain vulnerable groups. With inflation only set to rise, the
BRC will continue to work with retailers to find ways to mitigate
future price rises.”
-ENDS-
Notes:
- The BRC-NielsenIQ Shop Price Index, which
includes a basket of 250 essential food items (and 250 basic
non-food items) showed essential food prices
rising 4.3% in May 2022. This suggests food inflation is lower
for essential goods.
|
Year on Year changes
|
Apr-22
|
May-22
|
|
BRC-NielsenIQ Shop Price Index
|
2.7%
|
2.8%
|
|
Food (based on 250 basic food items)
|
3.5%
|
4.3%
|
|
Non-Food (based on 250 basic non-food items)
|
2.2%
|
2.0%
|
-
ONS Consumer Price Index figures, May 2022.
|
Year on Year changes
|
Apr-22
|
May-22
|
|
CPI (overall index)
|
9.0%
|
9.1%
|
|
01 Food and non-alcoholic beverages
|
6.7%
|
8.6%
|
|
02 Alcoholic beverages and tobacco
|
4.4%
|
5.0%
|
|
03 Clothing and footwear
|
8.3%
|
7.0%
|
|
04 Housing, water, electricity, gas and
other fuels
|
19.2%
|
19.4%
|
|
05 Furniture, household equipment and
maintenance
|
10.5%
|
10.8%
|
|
06 Health
|
2.3%
|
1.8%
|
|
07 Transport
|
13.5%
|
13.8%
|
|
08 Communication
|
2.8%
|
2.8%
|
|
09 Recreation and culture
|
5.9%
|
5.0%
|
|
10 Education
|
4.5%
|
4.5%
|
|
11 Restaurants and hotels
|
7.9%
|
7.6%
|
|
12 Miscellaneous goods and services
|
2.9%
|
2.9%
|
