;
COVID-19 SERVICE: We are heightening our efforts to assist the UK retail & leisure industry through this challenging period. Explore this service now… COVID-19 SERVICE

UK Retail Inflation Report | Data & Statistics

September 2023

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 : September 2023

Access report with a free trial subscription

No payment required. Free for 30 days. Cancel anytime

Report Summary

Period covered: May 2022

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Subscribe to access this data or take out a free 30 day subscription trial now.

The headline inflation rate edged higher in May to 00% YoY (9.0% last month) remaining at a 40-year high - in line with economists forecasts. On a MoM basis, inflation rose by 00%.

Food made the largest upward contribution to the change in the CPI rate with inflation accelerating by 00% YoY – the sharpest rise since April 2009. Upward contributions came from five of the 11 sub-components, notably the Breads and Cereals, and Meat categories.

A recent survey from the ONS showed that 00% of adults reported the price of their food shop had increased over the last month.

Surging food prices is changing consumer behaviour according to Asda Chairman Sir Stuart Rose. He noted that Asda shoppers were “trading back” and setting themselves spending limits to try and manage their household budgets. This follows similar comments from the Tesco chief last week with Tesco shoppers said to be switching to cheaper alternatives and buying less.

Transport inflation was driven higher by further rises in motor fuel prices in May. Petrol prices stood at 00 pence per litre (ppl) from 127.2 ppl a year ago – a record rise. Similarly, diesel prices rose to 00 ppl, also a record high.

Elsewhere, Furniture and Household Goods prices edged higher, driven by furniture and furnishings, household textiles and glassware, tableware and household utensils.

Partially offsetting downward contributions came from the Recreation and Culture and Clothing and Footwear categories.

Take out a free 30 day trial subscription to read the full report

 

Shipping costs fall back

Source: Datastream

Latest monthly UK Retail Inflation Report

Report: May 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Subscribe to access this data or take o... read more
Report: April 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Subscribe to access this data or take o... read more
Report: March 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Subscribe to access this data or take o... read more
View Archive

Need more insight on UK retail?

Try a FREE 30 day trial subscription

How it works
  • Free for 30 days, no payment details, cancel anytime
  • Create account and log into your retail insight dashboard
  • Download free retail economic and sector reports
  • Download thought leadership reports and presentations
  • Access time series data and much more…
Get insight with a FREE trial subscription

Trusted by

    Sainsburys Argos O2 Barclays Warner Bros Akznobel Sky British Land

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

3 reasons to use us


You get truly independent and trusted analysis

As we're completely independent, you can be confident of getting unbiased, piercing analysis of retail trends and inflation related insights


You get the necessary insights to make more informed decisions

Start making more data-driven decisions and sharpen your thinking with our trusted analysis on key retail inflation topics. We give you what's necessary to achieve this objective


We help you focus on what matters most

Let us do the 'heavy lifting' when it comes to data mining and interpreting the myriad of official information sources, leaving you to focus on your priorities 

About our reports and subscriptions

UK Retail Inflation reports which draw upon a range of data sources to give you cutting edge insights that you can action within your business.

Improve your performance with in-depth analysis which draws upon a range of third party sources to provide inflationary trends in the UK retail sector. Understand interactions between global commodity markets (oil, corn, wheat), exchange rates, contracts and hedging, and what it means for your business. As a subscriber you’ll have access to various retail reports, interactive data and analysis with category breakdowns and more.

Other popular retail reports

Top