UK BRC Shop Price Index for May 2025: -0.1% y/y (expected –0.1%, prior –0.1%)

UK BRC Shop Price Index for May 2025 barely changed at -0.1% y/y

• expected –0.1%, prior –0.1%

While this is not official data it was being eyed given the jump higher for the official data revealed last week:

• UK April CPI +3.5% vs +3.3% y/y expected

Expectations for Bank of England rate cuts have been repriced (lower) since.