UK SHOP PRICE INDEX - MARCH 2007: NON-FOOD PRICES KEEPING A LID ON HIGH STREET INFLATION 

4 April 2007
 
The BRC-Nielsen Shop Price Index (SPI) for March showed that prices were 0.69% higher than at the same time a year ago. Food inflation edged up slightly in March and deflation was still prevalent in non-food, with prices lower than in March 2006. Food inflation is still the main driver of shop price inflation, rising from 2.60% in February to 3.62% in March. Non-food prices continue to keep the SPI significantly lower than the official government measures of inflation, emphasising once again that there is little inflationary pressure coming from the high street.

UK SPI - March 2007