Year-on-Year: The BRC-Nielsen Shop Price Index (SPI) for the UK reports annual shop price inflation of 3.8% in August. This has increased from 3.2% reported in July.

Overall inflation can mostly be attributed to food, with ambient and fresh categories increasing by 7.3% and 11.9%, respectively.

Month-on-Month: In August shop prices increased by 0.5% on a month-on-month basis. This is a slight increase from July when prices rose 0.1% compared to the previous month.