Period Covered: 01 – 07
November 2025
- Shop price inflation decreased to 0.6% year on year
in November, against growth of 1.0% in October. This is
below the 3-month average of 1.0%.
|
- Non-Food inflation decreased to -0.6% year on year in
November, against a decline of -0.4% in October. This is
below the 3-month average of -0.3%.
|
- Food inflation decreased to 3.0% year on year in
November, against growth of 3.7% in October. This is
below the 3-month average of 3.7%.
|
- Fresh Food inflation decreased to 3.6% year on year
in November, against growth of 4.3% in October. This is
below the 3-month average of 4.0%.
|
- Ambient Food inflation decreased to 2.4% year on year
in November, against growth of 2.9% in October. This is
below the 3-month average of 3.2%.
|
|
|
OVERALL SPM
|
FOOD
|
NON-FOOD
|
|
% Change
|
On last year
|
On last month
|
On last year
|
On last month
|
On last year
|
On last month
|
|
Nov-25
|
0.6
|
-0.1
|
3.0
|
-0.3
|
-0.6
|
0.0
|
|
Oct-25
|
1.0
|
-0.3
|
3.7
|
-0.4
|
-0.4
|
-0.2
|
Note: Month-on-month % change refers to changes in the
level of prices.
Helen Dickinson, Chief Executive of the BRC,
said:
“Black Friday deals began earlier than normal as competition
between retailers hit fever pitch. Savvy shoppers picked up some
great deals across health & beauty, electricals and fashion.
While food price inflation remains elevated, widespread
promotions meant price rises eased over the month, especially in
dairy, fruit, breads, and cereals. Inflation remained stubbornly
high for oils and fats, and meat and fish, as climbing input
costs passed through from producers. With Budget uncertainty
behind us, retailers are hoping that consumer confidence rebounds
in this crucial trading period and they will continue doing
everything they can to keep prices down and help customers' money
go further this Christmas.”
“Headwinds in the new year include rising employment costs which
are likely to filter through to prices. This could shake already
weak consumer confidence and present further challenges for
consumers in the year ahead.”
Mike Watkins, Head of Retailer and Business Insight, NIQ,
said:
“It's good news for shoppers that price
increases are slowing but inflationary pressures still remain, in
particular within food. The UK retail market is very competitive
so retailers will need to keep any price increases as low as
possible in the run up to Christmas, in order to entice shoppers
to spend.”
