BRC-NIQ SHOP PRICE MONITOR JULY 2026
Period Covered: 01 07 July
2026
- Shop price inflation decreased to 0.9% year on year in July,
against growth of 1.2% in June. This is below the 3-month average
of 1.1%.
- Non-Food inflation decreased to 0.2% year on year in July,
against growth of 0.6% in June. This is below the 3-month average
of 0.4%.
- Food inflation decreased to 2.2% year on year in July,
against growth of 2.4% in June. This is below the 3-month average
of 2.4%.
- Fresh Food inflation increased to 3.1% year on year in July,
against growth of 2.8% in June. This is in line with the 3-month
average of 3.1%.
- Ambient Food inflation decreased to 1.1% year on year in
July, against growth of 1.9% in June. This is below the 3-month
average of 1.6%.
|
|
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-26
|
0.9
|
-0.1
|
2.2
|
0.2
|
0.2
|
-0.3
|
|
Jun-26
|
1.2
|
0.4
|
2.4
|
0.5
|
0.6
|
0.3
|
Note: Month-on-month % change refers to changes in the
level of prices.
Helen Dickinson, Chief Executive of the BRC,
said:
Good news for households in July as shop price inflation slowed.
Retailers competed hard to limit prices rises, with a wave of
summer promotions across food and other goods. Shoppers benefited
from deals on snacks and alcoholic drinks during the football
World Cup, while clothing and footwear retailers offered
significant discounts as they started clearing summer stock. Some
categories, including electricals and health & beauty, saw
higher inflation as rising chip prices and manufacturing costs
fed through.
"While today's figures are encouraging, growing cost pressures
remain on the horizon. Higher employment costs and packaging
taxes, global instability and climate-related disruption all make
it more expensive to get products onto shelves. The best way to
keep the cost of living down is to keep the cost of doing
business down. Cutting unnecessary taxes and levies on energy
bills would help retailers keep prices low, invest locally and
support jobs in every town and city."
Mike Watkins, Head of Retailer and Business Insight, NIQ,
said:
Shop Price inflation remains lower than a year ago, which will
help shoppers as they manage other increases in household spend,
such as energy and fuel. So, we can expect promotions to continue
to be an important part of driving demand for the rest of the
summer.
