Period Covered: 01 – 07
April 2025
- Shop price inflation increased to -0.1% year on year in
April, against a decline of -0.4% in March. This is above the
3-month average of -0.4%.
- Non-Food inflation increased to -1.4% year on year in April,
against a decline of -1.9% in March. This is above the 3-month
average of -1.8%.
- Food inflation increased to 2.6% year on year in April,
against growth of 2.4% in March. This is above the 3-month
average of 2.4%.
- Fresh Food inflation increased to 1.8% year on year in April,
against growth of 1.4% in March. This is above the 3-month
average of 1.5%.
- Ambient Food inflation was unchanged at 3.7% year on year in
April, against growth of 3.7% in March. This is above the 3-month
average of 3.4%.
|
|
OVERALL SPI
|
FOOD
|
NON-FOOD
|
|
% Change
|
On last year
|
On last month
|
On last year
|
On last month
|
On last year
|
On last month
|
|
Apr-25
|
-0.1
|
0.0
|
2.6
|
0.7
|
-1.4
|
-0.4
|
|
Mar-25
|
-0.4
|
-0.2
|
2.4
|
0.0
|
-1.9
|
-0.2
|
Note: Month-on-month % change refers to changes in the
level of prices.
Helen Dickinson, Chief Executive of the BRC,
said:
“The days of shop price deflation look numbered as food inflation
rose to its highest in 11 months, and non-food deflation eased
significantly. Everyday essentials including bread, meat, and
fish, all increased prices on the month. This comes in the same
month retailers face a mountain of new employment costs in the
form of higher employer National Insurance Contributions and
increased NLW.
“Despite price competition heating up, retailers are unable to
absorb the total impact of these £5bn of employment costs and the
additional £2bn costs when the new packaging tax comes into
effect in October. It is crucial that poor implementation of the
upcoming Employment Rights Bill does not add further pressure to
costs – pushing prices further up, and job numbers further down.”
Mike Watkins, Head of Retailer and Business Insight,
NielsenIQ, said:
“Shoppers continue to benefit from
lower shop price inflation than a year ago, but prices are slowly
rising across supply chains, so retailers will be looking at ways
to mitigate this as far as possible. And whilst we expect
consumers to remain cautious on discretionary spend, the late
Easter will have helped to stimulate sales.”
