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
September 2025
- Shop price inflation increased to 1.4% year on year in
September, against growth of 0.9% in August. This is above the
3-month average of 1.0%.
- Non-Food inflation increased to -0.1% year on year in
September, against a decline of -0.8% in August. This is above
the 3-month average of -0.6%.
- Food inflation was unchanged at 4.2% year on year in
September, against growth of 4.2% in August. This is above the
3-month average of 4.1%.
- Fresh Food inflation was unchanged at 4.1% year on year in
September, against growth of 4.1% in August. This is above the
3-month average of 3.8%.
- Ambient Food inflation was unchanged at 4.2% year on year in
September, against growth of 4.2% in August. This is below the
3-month average of 4.5%.
|
|
OVERALL SPM
|
FOOD
|
NON-FOOD
|
|
% Change
|
On last year
|
On last month
|
On last year
|
On last month
|
On last year
|
On last month
|
|
Sep-25
|
1.4
|
0.2
|
4.2
|
0.2
|
-0.1
|
0.3
|
|
Aug-25
|
0.9
|
0.2
|
4.2
|
0.4
|
-0.8
|
0.0
|
Note: Month-on-month % change refers to changes in the
level of prices.
Helen Dickinson, Chief Executive of the BRC,
said:
“A year and a half of non-food deflation looks set to come to an
end, as inflationary pressures spread beyond food. DIY and gardening saw rising
prices, while some back-to-school categories continued to see
reductions as retailers offered promotions on electricals such as
laptops ahead of the new academic year. Food inflation
held steady after seven consecutive months of rises but increased
labour and energy costs continue to push up input prices for many
farmers, particularly of cattle, with dairy and beef prices
remaining high.
“Households are finding shopping increasingly expensive. The
impact on retailers and their supply chain of both global factors
and higher national insurance and wage costs is playing out in
prices for consumers. The new packaging tax, set to take effect
in October, will put further upward pressure on inflation. While
retailers continue to absorb higher costs as much as possible and
deliver value to customers, any further tax rises in the upcoming
Budget would keep shop prices higher for longer. Ultimately, it
is British households who will bear the consequences—positive or
negative—of the Chancellor's decisions.”
Mike Watkins, Head of Retailer and Business Insight, NIQ,
said:
“With inflationary pressures persisting, many
shoppers remain concerned about their personal finances and are
becoming increasingly price-sensitive. As a result, retailers are
likely to continue offering promotions and deals in the coming
weeks to help maintain sales momentum.”
