Year-on-Year
The BRC-Nielsen Shop Price Index (SPI) for the UK reports annual shop price
inflation of 2.5% in June. This has increased from 1.8% reported in May.
A high proportion of overall inflation is driven by food, revealing annual
inflation of 7.0%, while the price of non-food products showed a slight
increase of 0.2% year-on-year.
Month-on-Month
From a month-on-month perspective prices rose 0.9% in the UK compared with
this time last year. Food prices increased 1.0% compared with May 2008,
while non-food prices increased 0.8%.
