Consumer Price Index
This coverage examines the Consumer Price Index (CPI) and its significance for UK retail businesses. Reporting highlights inflation trends, cost pressures, pricing strategies, and consumer spending behaviour shaped by changes in the CPI. Insights are tailored for retail professionals assessing market conditions, planning responses to economic shifts, and managing pricing in a competitive environment.
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Jan- 2025 -15 JanuaryEconomy
Inflation unexpectedly falls to 2.5% in December
The rate of Consumer Price Index inflation unexpectedly fell one percentage point to 2.5% in December, dipping for the first time in three months, according to the Office for National Statistics (ONS). It comes as hotel prices fell and tobacco costs eased, which have been credited with helping offset a…
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Aug- 2022 -17 AugustEconomy
Inflation hits new 40-year high at 10.1%
Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI) hit 10.1% in the 12 months to July 2022, up from 9.4% in June. According to the Office for National Statistics (ONS), the biggest contribution to this figure was rising…
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Jun- 2022 -22 JuneEconomy
Inflation hits 40-year high in May
Inflation reached a 40-year high in May 2022 as the Consumer Price Index hit 9.1%, up from the 9% reported in April 2022. This was largely driven by food and non-alcoholic beverages, transport and housing, water, electricity, gas and other fuels. Food price inflation was driven largely by staples with…
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Mar- 2022 -23 MarchNews
Inflation hits 30-year high at 6.2% in February
The Consumer Prices Index (CPI) rose by 6.2% in the 12 months to February 2022, up from 5.5% in January, according to the Office for National Statistics (ONS). It revealed this is the highest CPI 12-month inflation rate in the national statistic series which began in January 1997, and the…
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Sep- 2021 -15 SeptemberEconomy
Inflation sees biggest jump on record in August
UK inflation saw its largest jump since records began in August, as the rate spiked to 3.2% in a 12 month period, up from 2% year-on-year in July. Despite the rate soaring past the Government’s 2% inflation target, the Office for National Statistics’ (ONS) claimed that this “is likely to…
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Oct- 2018 -3 OctoberEconomy
Shop prices rise for second month in row
Shop prices increased for two consecutive months – the first consecutive growth in five years – according to the latest British Retail Consortium and Nielsen Shop Price Index. Inflation increased by 0.2% from the previous month with food being the main driver for the hike in prices. Food showed a…
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Jan- 2018 -17 JanuaryEconomy
Inflation drops for the first time in 6 months
The inflation rate saw a slight dip in December, falling to 3%, according to figures released by the Office of National Statistics (ONS). The level of inflation, according to Consumer Price Index (CPI), was less than November’s rate of 3.1%, which was at its highest for six years. The high…
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