UK shop prices rise by least since December, BRC says
LONDON, July 28 (Reuters) – Average prices at British retailers rose 0.9% year on year this month, the smallest increase since December 2025, as the men’s football World Cup triggered supermarket discounts on alcohol and snacks, the Consortium of British Retailers said on Tuesday.
“Retailers have been in tight competition to limit price increases with a wave of summer promotions on food and other goods,” said BRC Chief Executive Helen Dickinson, adding that some clothing and footwear retailers were also discounting summer items.
• BRC’s annual store price inflation fell from 1.2% in June to 0.9% in July, following a monthly decline of 0.1%.
• Food price inflation slowed from 2.4% to 2.2%, its lowest level since February 2025
• Non-food inflation slowed from 0.6% to 0.2%; however, electricity, health and beauty product prices rose due to higher semiconductor and manufacturing costs.
• The BRC survey was based on prices collected between July 1 and July 9.
• The Office for National Statistics’ broader measure of consumer price inflation fell to a 15-month low of 2.6% in June
• Last month, the Bank of England predicted that the CPI would rise to just over 3.25% this year due to high energy costs caused by the US-Iran war
(Reporting by David Milliken, editing by Andy Bruce)
