The Shop Price Index has been renamed the Shop Price Monitor.
This makes the name consistent with other BRC economic monitors.
No data has been changed in this renaming.
Period Covered: 01 – 07
July 2025
- Shop price inflation increased to 0.7% year on year in July,
against growth of 0.4% in June. This is above the 3-month average
of 0.3%.
- Non-Food inflation increased to -1.0% year on year in July,
against a decline of -1.2% in June. This is above the 3-month
average of -1.2%.
- Food inflation increased to 4.0% year on year in July,
against growth of 3.7% in June. This is above the 3-month average
of 3.5%.
- Fresh Food inflation decreased to 3.2% year on year in July,
against growth of 3.2% in June. This is above the 3-month average
of 2.9%.
- Ambient Food inflation increased to 5.1% year on year in
July, against growth of 4.3% in June. This is above the 3-month
average of 4.2%.
|
|
OVERALL SPM
|
FOOD
|
NON-FOOD
|
|
% Change
|
On last year
|
On last month
|
On last year
|
On last month
|
On last year
|
On last month
|
|
Jul-25
|
0.7
|
0.2
|
4.0
|
0.4
|
-1.0
|
0.1
|
|
Jun-25
|
0.4
|
0.3
|
3.7
|
0.7
|
-1.2
|
0.1
|
Note: Month-on-month % change refers to changes in the
level of prices.
Helen Dickinson, Chief Executive of the BRC,
said:
“Families will have seen their food bills increase as food price
inflation rose for the sixth consecutive month. Staples such as
meat and tea were hit the hardest as wholesale prices for both
categories have been hit by tighter global supplies. This has
helped push up overall shop prices. There were a few bright
spots, with discounts in fashion and furniture offering consumers
a chance to refresh their wardrobe and homes.
“If the government wants to support struggling families, it must
think carefully about the next Budget. Retailers are doing
everything possible to protect their customers from the worst of
the inflationary pressures, but the £7bn cost to retail of last
year's Budget forced most retailers to raise prices. Furter tax
rises will ultimately hurt households, locking in inflation and
forcing people to pay higher prices to put food on the
table.”
Mike Watkins, Head of Retailer and Business Insight, NIQ,
said:
“Consumers' household budgets are coming under
pressure with the food retailers now seeing price increases
above CPI. However, price competition helped by promotional
activity will still mean that shoppers can save money by shopping
around. With inflation on the up, high street retailers will also
be concerned about customer retention over the summer holiday
season if they are to maintain sales momentum”
