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UK Retail Inflation Report | Data & Statistics

May 2022

What's included in this report?

  • Overview of UK Retail Inflation
  • Consumer inflation by category
  • Prices, costs & margins
  • Inflation benchmarks comparisons
  • Commodity prices & shipping costs
  • Exchange rates
  • External data summaries: ONS Consumer Price Index, ONS Producer Price index, BRC-Nielsen Shop Price Index, House price data
  • Factory Gate Inflation and more…

UK Retail Inflation Report : May 2022

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Report Summary

Period covered: 1st January 2021 – 31st January 2021

Note: Reporting periods are either one month or two months behind the current month as standard.

CPI inflation rose marginally in January, up by 0.1 percentage points to 0.7% year-on-year, and above market expectations of remaining at 0.6%. Increased restrictions due to Covid-19 resulted in 69 basket items being unavailable (8.3%) in January, contributing 0.12 percentage points to the headline inflation rate. The largest upward contribution to the change in CPI inflation rate came from furniture, household equipment and maintenance (0.10 percentage points, pp), driven by furniture and furnishings with less discounting noted as the main factor. Elsewhere, household textiles; household appliances, fitting and repairs; and glassware, tableware and household utensils all made small upward contributions. Restaurants and Hotels (0.09pp) made the second largest upward contribution. Note: the national lockdown imposed at the start of January meant a number of price movements were estimated therefore some caution should be taken. Food and Non-Alcoholic Beverages (0.08pp) also made a sizeable upward contribution driven by the vegetables, oils and fats and fish categories. Data collection timing (around 12 January) meant there was minimal impact from the disruption to the movement of goods between the UK and EU at the start of the month. Rising inflation in the Transport category also supported the overall rise in CPI driven by the purchase of vehicles and operation of personal transport equipment components.

Consumer Price Index

Source: ONS

Latest monthly UK Retail Inflation Report

Report: January 2021 CPI inflation accelerated in December, rising by 0.6% year-on-year, up from the 0.3% rise in the previous month and above market expectations of a 0.5% rise. Reduced restrictions due to Covid-19 resulted in just nine basket it... read more
Report: December 2020 CPI inflation slowed in November, rising by just 0.3% year-on-year, down from the 0.7% rise in the previous month and below market expectations of a 0.6% rise. Inflation is currently just shy of the 0.2% five-year low recorded... read more
Report: November 2020 CPI inflation picked up in October, rising by 0.7% year-on-year, up from the 0.5% rise in the previous month – above market expectations of a 0.6% rise. Eight categories contributed upward pressure in October, totalling 0... read more
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Report Contents

UK Retail Inflation Report Report
  • UK Inflation Overview
  • ONS Consumer Price Index
  • Food & Non-alcoholic Beverages
  • Transport
  • Recreation & Culture
  • Clothing & Footwear
  • Housing, Water, Electricity, Gas & Other fuels
  • Restaurants & Hotels
  • Cost Pressures on Inflation
  • Producer Prices
  • Commodities
  • UN-FAO Food Price Index
  • Exchange Rates
  • Baltic Dry Index
  • Oil Prices

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