Annual shop price inflation was up 0.4% in June as retailers struggled with higher government costs resulting from hikes to National Insurance and Living Wage.
The figures from last month marked a significant departure from May's 0.1% decline in shop prices and came in above the three-month average of 0.1%, according to data from the British Retail Consortium. Food inflation rose by 3.7% in the twelve-month period to June, almost one percentage point higher than the 2.8% in May. UK fastest growing G7 economy in Q1 2025 Non-food inflation was up by an annual -1.2% in June compared to a -1.5% decline in May. Helen Dickinson, CEO of the BRC, said "headline shop prices have returned to inflation for the first time in close to a year" ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
