This ad will be closed automatically in X seconds.

Latest Figures From The BRC-Nielsen Shop Price Index Are ‘Encouraging’ Says Bira

The British Independent Retailers Association (Bira) says that recent figures from the BRC-Nielsen Shop Price Index are encouraging for retailers.

Speaking about the report, which can be  downloaded here, Bira’s ceo Andrew Goodacre added that retailers were ‘doing their bit’ to grow consumer confidence.

Above: Bira’s ceo Andrew Goodacre.
Above: Bira’s ceo Andrew Goodacre.

“It is encouraging to see further rates of decline in inflation across food and non-food,” he stated. “I believe this reflects retailers continuing to discount in order to maintain consumer spending. With retailers doing their bit to grow consumer confidence, we hope that the Chancellor uses his Budget on March 6 to do the same.”

Continued Andrew: “We need a Budget that will focus on economic growth to further boost consumer confidence. We also need the Bank of England to adopt a similar approach and start to reduce interest rates.”

Bira highlighted that:

  • Shop Price annual inflation eased to 2.5% in February, down from 2.9% in January. This is below the 3 month average rate of 3.3%. Shop price annual growth is its lowest since March 2022.
  • Non-Food inflation was unchanged at 1.3% in February. This is below the 3 month average rate of 2.0%. Inflation is its lowest since January 2022.
  • Food inflation decelerated to 5.0% in February, down from 6.1% in January. This is below the 3 month average rate of 6.0% and is the tenth consecutive deceleration in the food category. Inflation is its lowest since May 2022.


Top: Bira says that retailers are helping to boost consumer confidence.

The competition will be officially launched at Harrogate Home & Gift on Sunday July 21...
The Sunday Sundowners drinks, Drinks on the Lawn and a daily Happy Hour in the Indigo Lounge will, once again, see visitors mixing business with pleasure...
Belly Button
Initially targeting independent retailers, the company will be unveiling a brand new giftware range at the show...
The British Independent Retailers Association (Bira) welcomed the government's outline for helping shop owners...
The collection features four different design edits: Botanical Retreat, Eclectic Orangery, Temperate House and the Outdoor Collection...
With a 15% bigger than ever show this year, and social events including the not-to-be missed Sundowners party on the first night, (sponsored by Progressive Gifts & Home), it’s the ideal place to mix business with pleasure...
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.