THE British Retail Consortium (BRC) has reported the first rise in its Shop Price index since 2019.
The BRC found shop prices rose by 0.3% in November, as compared to the same month in 2020, the first-time prices had done so since May 2019.
Rising inflation was more acute in food retail, with the BRC reporting food price inflation of 1.1% during this period.
This was well above the 12-month food price growth average of 0.1%, and represents the highest inflation rate since November 2020.
David Lonsdale, director of the Scottish Retail Consortium, said: “The immense cost pressure on retailers is regrettably now being passed onto Scottish consumers through higher prices.”
