CPI
This coverage explores the impact of the Consumer Prices Index (CPI) on UK retail operations, strategy, and planning. Reporting highlights inflation trends, price pressures, consumer behaviour shifts, and their implications for pricing, margins, and demand. Designed for retail executives, finance teams, and managers, the content supports informed decisions around cost management, stock planning, and competitive positioning in an inflation-sensitive market.
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Jul- 2023 -17 JulySupermarkets
Grocery prices soar more than 25.8% in two years, says Which?
The price of groceries at supermarkets has gone up 25.8% since the cost of living crisis began, according to new data by Which? Which? looked at the prices of more than 21,000 food and drink products at eight major supermarkets – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose…
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7 JulyNews
LFL sales nudge up 1.9% in June, BDO finds
Like-for-like retail sales improved marginally in June, up 1.9%, according to new data from BDO LLP. The latest BDO’s high street sales tracker shows that LFL sales growth remains well below CPI inflation, meaning that sales volumes have fallen significantly as consumers continue to tighten the purse strings. Sophie Michael,…
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Jun- 2023 -22 JuneEconomy
BoE raises interest rate to 15-year high
The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the highest level in 15 years, after it was revealed that inflation remained at 8.7% in May. The BoE’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by…
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12 JuneNews
UK economy set to grow amid increased investment, says CBI
The economy looks to have fared better than expected in the first half of 2023, and is set to steer clear of a recession, according to the CBI’s latest Economic Forecast. The CBI has forecasted 0.4% growth in GDP over 2023, picking up to 1.8% in 2024, upgraded from -0.4%…
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May- 2023 -11 MayEconomy
BoE raises interest rate for 12th time to 4.5%
The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. The BoE’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by 0.25% in a bid to meet the 2% inflation target. The committee said it…
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2 MayClothing & Shoes
Shop price inflation falls for first time in 2023
Shop price inflation is thought to have peaked in the first week of April, according to the BRC, after it declined to 8.8%, down slightly from 8.9% in March. Despite the fall, it remains at record-highs in some areas, and continued to exceed the three-month average of 8.7%. Meanwhile, food…
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Apr- 2023 -19 AprilEconomy
Inflation remains above 10% in March
Despite easing slightly, inflation remained above 10% in March thanks to food and drink costs reaching a 45-year high, according to the latest figures from the Office for National Statistics (ONS). The ONS found that the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to March 2023,…
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Mar- 2023 -23 MarchEconomy
BoE raises interest rates to 4.25%
The Bank of England (BoE) has announced that interest rates will be raised by 0.25% to 4.25%, the highest rate in almost 15 years, following an unexpected rise in inflation last month. The move marks the 11th consecutive increase from the BoE and follows the jump in inflation to 10.4%…
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22 MarchEconomy
Inflation unexpectedly jumps to 10.4% amid rising food prices
The UK inflation rate unexpectedly increased to 10.4% in February driven by increased drink and food prices which reached their highest rate in 45 years, according to the latest figures from the Office for National Statistics (ONS). The rise in the CPI annual rate between January and February 2023 came…
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Jan- 2023 -18 JanuaryEconomy
UK inflation dips for second consecutive month
UK inflation fell slightly for the second consecutive month from 10.7% to 10.5% in December as easing fuel costs were offset by the rising price of food which meant the figure remained close to its previous 40-year high. The latest figures, from The Office For National Statistics (ONS), show that…
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