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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Mar- 2023 -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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Dec- 2022 -15 DecemberEconomy
Bank of England raises interest rates by 0.5% to 3.5%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 3.5%, the highest level in 14 years. At a meeting held on 14 December 2022, the Bank’s MPC voted by a majority of 6-3 to increase rates by…
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5 DecemberHigh Street
CBI downgrades growth forecast to -0.4% amid ‘lacklustre outlook’
CBI has downgraded its GDP growth outlook significantly, to -0.4% in 2023 (from 1.0% in its last forecast), after a “turbulent year both politically and economically”. It said the reason behind the latest change is that the economy is likely to have fallen into a recession in Q3 2022, and…
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Sep- 2022 -14 SeptemberEconomy
Inflation falls in August but remains near 40-year high
UK inflation eased slightly in August to 9.9%, down from 10.1% in July, but remains near a 40-year high as prices continue to rise, according to the latest figures from the Office for National Statistics (ONS). On a monthly basis, CPI rose by 0.5% in August 2022, compared with 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 -16 JuneEconomy
BoE raises interest rates to 1.25%
The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its fifth rise in a row as it bids to offset the impact of rising inflation. The Monetary Policy Committee voted by a majority of 6-3 to increase the rate to…
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10 JuneEconomy
Inflation increases strain between supermarkets and suppliers
The increase in inflation and cost price has weakened the relationships between the UK’s supermarkets and their suppliers, according to the findings of the latest survey from the Groceries Code Adjudicator (GCA). Supermarkets are facing a series of arbitration hearings with the GCA, after adjudicator, Mark White, revealed the number…
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May- 2022 -5 MayNews
BoE raises interest rates to highest level since 2009
The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time it has taken action since December. The new rate of 1%, up from 0.75%, is the BoE’s latest attempt to curb the rampant rise in inflation – also at its…
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Apr- 2022 -13 AprilEconomy
UK inflation hits 7% amid rising fuel costs
The annual rate of inflation has hit a new 30-year record with a rise of 7% in the 12 months to March 2022, up from 6.2% in February, with rising prices for motor fuels resulting in the largest upward contribution to the monthly rate. According to the Office for National…
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