Shop Prices Index: monthly change in the UK 2019-2022

Published by
Tugba Sabanoglu,
Sep 26, 2022
According to recent figures, shop prices in the United Kingdom (UK) during August 2022 increased by 5.1 percent on a year-on-year basis, the highest rate over the period in consideration. Currently, inflation stands at 9.9 percent in the UK.

Monthly shop price inflation (SPI) in the United Kingdom (UK) monthly from April 2019 to August 2022

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Sources

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Release date

August 2022

Region

United Kingdom

Survey time period

April 2019 to August 2022

Supplementary notes

The source makes the following commentary regarding the methodology used in the statistic.
"The BRC-Nielsen Shop Price Index (SPI) measures price changes within a basket of both Food and Non-Food items. The SPI is administered by Nielsen, who collate and analyse the data on behalf of the BRC. The index provides an indicator of the direction of price changes in retail outlets. The BRC launched the Shop Price Index to give an accurate picture of the inflation rate of 500 of the most commonly bought high street products in stores."

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