Year-on-Year: The BRC-Nielsen Shop Price Index (SPI) for the UK reports annual shop price inflation of 3.2% in July. This has increased from 2.5% reported in June. Overall inflation can mostly be attributed to food, with ambient and fresh categories increasing by 7.4% and 10.8%, respectively.

Month-on-Month: On a month-on-month basis shop prices increased by 0.1%. While non-food prices fell by 0.8%, food prices rose 1.9%.