Retail Sales Scotland

  Wet weather and high inflation hit retail sales across Scotland in July, new figures show. The Scottish Retail Consortium (SRC) and KPMG data suggests sales in July increased by 4.6% compared with the same month last year (4.4%). However, this is below the three-month average increase of 9.1% and the 12-month average growth of 8.5%. Sales of summer food and clothing ranges were badly hit by heavy rain throughout July. The SRC has warned the "dual burden" of high inflation and interest rates means July may not be the last month of disappointing sales in the near future. The trade body also said a high portion of sales growth may be a reflection of rising prices, rather than increased volumes. LIVE UK inflation falls sharply for second month to 6.8% What is the UK inflation rate and why is it so high? House prices in Scotland fall for first time since Covid Food sales increased by 9.1% compared with July last year, when they were up 5.3%, which was below the three-month avera...