Home / Knowledge / News / Shop prices rise in February
Shop prices rise in February
06
Mar '08
Year-on-Year: In February shop annual price inflation increased by 1.6% compared to a year ago. This is a significant increase from January when annual shop price inflation was 1.0%. This is the highest rate of inflation in Scotland since the series began, however is still below the government's official inflation measure, the Consumer Price Index (CPI) which is currently 2.2%.

Month-on-Month: Between January and February, on a month-on-month basis, prices increased by 0.9% after falling by 0.2% between December and January. The increase in shop prices came after discounting over the traditional January sale period came to an end.

Fiona Moriarty, Director, SRC comments:
“Although Scottish shop prices in February were up year-on-year the increase was well below the official measures of overall inflation. These figures show, while costs including fuel and some commodities are shooting up, Scottish retailers are working hard to pass on as little as possible of their own rise in costs to customers.”

Mike Watkins, Senior Manager, Retailer Services, Nielsen comments:
“Consumers in Scotland are seeing the same pressure on food prices as in the rest of the UK with increases in shop prices in ambient grocery now starting to catch up with those of fresh foods. Non-food is still deflationary but not enough to compensate for the increase in food prices overall.”

Scottish Retail Consortium

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search