Interviews
Slight acceleration in Jan shop prices
07 Feb '08
1 min read
British Retail Consortium presents the Scotland shop price January 2008. Year-on-Year: Shop prices in Scotland were 1.0% higher compared with a year ago, showing a slight acceleration from December's 0.8% year-on-year rise but still below the 1.1% in October and November.
Month-on-Month: In January shop prices were 0.2% lower compared with the previous month, the first time prices have fallen month-on-month since July 2007. Discounting taking place after the Christmas period has led to the reduction in shop prices.
Fiona Moriarty, Director, SRC comments:
“Scotland's annual shop price inflation in January remained lower than the rest of the UK, as it has for most of last year. Scottish consumers continued to be protected by intense competition between retailers, ensuring much of the impact of cost increases was absorbed by retailers themselves and not passed on.”
Mike Watkins, Senior Manager, Retailer Services, Nielsen comments:
“Any inflationary pressure from seasonal, dairy or cereal-based foods is being outweighed by falls in non-food prices. Scottish retailers will need to continue to keep prices low to attract shoppers if the economic cycle turns against retailers in the next few months“.
Month-on-Month: In January shop prices were 0.2% lower compared with the previous month, the first time prices have fallen month-on-month since July 2007. Discounting taking place after the Christmas period has led to the reduction in shop prices.
Fiona Moriarty, Director, SRC comments:
“Scotland's annual shop price inflation in January remained lower than the rest of the UK, as it has for most of last year. Scottish consumers continued to be protected by intense competition between retailers, ensuring much of the impact of cost increases was absorbed by retailers themselves and not passed on.”
Mike Watkins, Senior Manager, Retailer Services, Nielsen comments:
“Any inflationary pressure from seasonal, dairy or cereal-based foods is being outweighed by falls in non-food prices. Scottish retailers will need to continue to keep prices low to attract shoppers if the economic cycle turns against retailers in the next few months“.
British Retail Consortium
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