Prices on the rise

British Retail Consortium, BRC, c-stores, convenience stores, forecourts, Petrol Retailers Association,

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.”