Responding to the latest CPI inflation figures which shows
headline inflation at 9.0%, and food inflation at 6.7%, Helen
Dickinson, Chief Executive of the British Retail Consortium,
said:
“Inflationary pressures continue to impact businesses as well as
households, with soaring energy prices further driving up the
Consumer Price Index. These higher energy prices, along with a
tight labour market, and the huge costs of moving goods around,
are impacting all retailers. Food production has been
particularly hard hit, with historically high global food prices,
rising costs of animal feed, and disruption in supplies as a
result of the Ukraine war.
“The Bank of England now expects inflation to top 10% by the end
of the year, as many of the rising costs filter down into prices.
Retailers are doing their bit to protect consumers by expanding
their value ranges and doing all they can to keep the price of
essentials down. This can be seen in the BRC’s Shop Price Index,
which tracks the price of basic goods, which showed a slower rise
in the price of essential foods and other products than the
inflation levels seen in the broader CPI measure.”
-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 3.5% in April 2022. This suggests food inflation is lower
for essential goods.
|
Year on Year changes
|
Mar-22
|
Apr-22
|
|
BRC-NielsenIQ Shop Price Index
|
2.1%
|
2.7%
|
|
Food (based on 250 basic food items)
|
3.3%
|
3.5%
|
|
Non-Food (based on 250 basic non-food items)
|
1.5%
|
2.2%
|
-
ONS Consumer Price Index figures, April 2022.
|
Year on Year changes
|
Mar-22
|
Apr-22
|
|
CPI (overall index)
|
7.0%
|
9.0%
|
|
01 Food and non-alcoholic beverages
|
5.9%
|
6.7%
|
|
02 Alcoholic beverages and tobacco
|
4.8%
|
4.4%
|
|
03 Clothing and footwear
|
9.8%
|
8.3%
|
|
04 Housing, water, electricity, gas and
other fuels
|
7.7%
|
19.2%
|
|
05 Furniture, household equipment and
maintenance
|
10.3%
|
10.5%
|
|
06 Health
|
2.5%
|
2.3%
|
|
07 Transport
|
13.4%
|
13.5%
|
|
08 Communication
|
0.7%
|
2.8%
|
|
09 Recreation and culture
|
4.9%
|
5.9%
|
|
10 Education
|
4.5%
|
4.5%
|
|
11 Restaurants and hotels
|
6.9%
|
7.9%
|
|
12 Miscellaneous goods and services
|
1.9%
|
2.9%
|
