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UK Retail Inflation Report | Data & Statistics

March 2024

What's included in this report?

  • Overview of UK Retail Inflation
  • Consumer inflation by category
  • Prices, costs & margins
  • Inflation benchmarks comparisons
  • Commodity prices & shipping costs
  • Exchange rates
  • External data summaries: ONS Consumer Price Index, ONS Producer Price index, BRC-Nielsen Shop Price Index, House price data
  • Factory Gate Inflation and more…

UK Retail Inflation Report : March 2024

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Report Summary

Period covered: February 2024

3 minute read

 

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or take out a free 30 day membership trial now.

 

Inflation

The headline CPI inflation rate rose by xx% YoY, down from xx% last month and below expectations of a xx% rise.

Goods and Services inflation ease: Inflation for goods slowed more than for services, highlighting the ongoing divergence in price pressures within the economy. Goods inflation slowed from xx% to xx% YoY while services inflation eased from xx% to xx%, slightly above of consensus but in line with the Bank of England’s estimate.

Core inflation dips: The core CPI, which excludes volatile items like energy, food, alcohol, and tobacco, eased 0.6 percentage points to xx% indicating underlying inflationary pressures are easing.

Food inflation falls further: Food and non-alcoholic beverages inflation rose by xx% YoY, down from xx% last month and its lowest level since xxxx xxxx. Downward pressure came from the bread and cereals category with other smaller downward effects coming from items such as xxxx xxxx.

Notably, food prices have been relatively stable since xxx xxx, rising less than xx% over the xx months from xxxx to xx. This compares with a rise of xxxx% seen over the previous xx months to xxxx.

Despite ongoing geopolitical risks, including those in the Red Sea region, inflationary pressures are expected to ease in the near term.

Food inflation is likely to slow further, supported by soft producer prices for food products. Additionally, anticipated reductions in household energy bills in March should contribute to headline inflation approaching its 2% target rate.

 

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Inflation rise below expectations

Source: ONS

Latest monthly UK Retail Inflation Report

Report: February 2024 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
Report: January 2024 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
Report: December 2023 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
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Report Contents

UK Retail Inflation Report Report
  • UK Inflation Overview
  • ONS Consumer Price Index
  • Food & Non-alcoholic Beverages
  • Transport
  • Recreation & Culture
  • Clothing & Footwear
  • Housing, Water, Electricity, Gas & Other fuels
  • Restaurants & Hotels
  • Cost Pressures on Inflation
  • Producer Prices
  • Commodities
  • UN-FAO Food Price Index
  • Exchange Rates
  • Baltic Dry Index
  • Oil Prices

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About our reports and subscriptions

UK Retail Inflation reports which draw upon a range of data sources to give you cutting edge insights that you can action within your business.

 

Improve your performance with in-depth analysis which draws upon a range of third party sources to provide inflationary trends in the UK retail sector. Understand interactions between global commodity markets (oil, corn, wheat), exchange rates, contracts and hedging, and what it means for your business. As a subscriber you’ll have access to various retail reports, interactive data and analysis with category breakdowns and more.

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