Home / Knowledge / News / Shop prices rise in February
Shop prices rise in February
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

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search