Year-on-year inflation as measured by the CGA Prestige Foodservice Price Index increased again to 21.6% in May—only just below the record high of 22.9% of December 2022.

At the same point last year, inflation in the Index stood at 10.2%, which when combined with the latest figure means prices have risen by around 34% since May 2021.

Download the latest FPI Snapshot report.