UK Inflation at 8.7%: Response from Natalie Don MSP (Renfrewshire North & West)

Natalie Don MSP said:

“Although the inflation rate has fallen since last month, it still remains at a sky-high level. A slower rate of inflation doesn’t mean that prices are coming down, it just means that they are not going up so quickly.

“Food prices are still 19.1% higher than a year ago – which is close to record highs. Olive oil, eggs, and sauces & spices have recorded the largest annual price rises.  The price tags are shocking - food inflation of 19.1% means the basket of food that cost £50 a year ago is now close to £60.

“From Brexit to the Tory created Cost of Living Crisis, households and businesses are suffering from Tory economic incompetence.

“Scotland needs the full powers of independence to ensure we have a stronger yet fairer economy.”