Home / Knowledge / News / Scottish shop price inflation stable
Scottish shop price inflation stable
09
Jul '08
Year-on-Year: In June overall annual shop price inflation was 2.5% in Scotland, a small increase from May's rate of 2.4%. June's figure is slightly higher than the average twelve month inflation rate of 2.3%, but is the same as the UK.

Month-on-Month: Compared to this time last month prices have increased by 0.9%, the fifth consecutive month to show a positive price movement.

The BRC's Director General, Stephen Robertson, said:
“Despite annual increases of 60 and 80 per cent in world agricultural prices and oil respectively, UK food prices have only increased by seven per cent. Although their own costs are going up, food retailers are running high-profile price cuts and promotions. They are keeping prices to customers down by cutting costs and increasing sales.

“While non-food prices are up very slightly year-on-year, electricals, clothing and footwear are cheaper than this time last year. Overall shop price rises remain well below the official inflation rate as measured by the consumer price index (CPI).”

Mike Watkins, Senior Manager, Retailer Services, Nielsen comments:
“In recent weeks we've seen more cost price inflation in fresh and chilled foods as well as in some staple ambient categories and this is adding to the cost of the weekly shopping basket.

As a result we're seeing further price cuts by the major supermarkets to stimulate demand at a time when many households are under increased cost pressures from higher fuel and utility bills.”

Scottish Retail Consortium


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Mike Hoffman
Gildan Activewear SRL

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

Sonam & Paras Modi
SVA

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X