
Foodservice Price Index June 2020
While COVID-19 continues to affect the markets and food supply around the world, both month-on-month and year-on-year inflation has remained relatively low in June.
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While COVID-19 continues to affect the markets and food supply around the world, both month-on-month and year-on-year inflation has remained relatively low in June.
The implications for many Index categories which have been disrupted by the pandemic have yet to appear, but it is likely they will start to do so in the months ahead.
The full implications of both the effects of COVID-19 on global supply and the gradual reopening of foodservice businesses have yet to be seen but we expect the index to begin to adjust over the months ahead.
We have seen price inflation drop significantly to just 0.7% in 2020 (year to date), with the month of March 2020 reporting overall year on year deflation of -2.9% for the first time since FPI records began in 2015.
This month saw the Foodservice Price Index continue to fall. Year-on-year FPI deflation for November -1.0%, a further 3 index point fall from October.
With Britain in lock-down, hot food delivery services from restaurants and takeaways are set to have an increasingly important role in keeping the nation fed. The public’s appetite for delivered food has been growing.
The public has become increasingly focused on health and wellness as a result of the COVID-19 crisis, with two thirds (66%) of adults saying they are now taking precautions to protect long term health, such as changing what they eat and drink and how frequently they exercise, new research from CGA reveals.
Wine drinking is getting a boost from the COVID-19 crisis, with new research showing that well over half of wine drinkers are either maintaining or increasing the number of times they drink wine.
The latest lockdown is set to increase people’s interest in making and drinking cocktails, CGA’s Mixed Drinks At Home Report suggests—bringing big opportunities for producers and suppliers to make up for lost on-trade sales.
The COVID crisis is making consumers more cautious and apprehensive, but far from driving them to drink, the majority of the country seems to be adopting a more sober lifestyle, new research from CGA has found.
An overwhelming majority of festival-goers who have received refunds on their tickets for 2020 say they will rebook tickets for next year, new research commissioned by Brothers and the UK Festival Awards reveals.
Consumers are returning cautiously to hospitality, but rigorous safety measures, industry collaboration and government support can all speed the sector along the road to recovery.
The UK’s hospitality sector has suffered lost sales of more than £53bn in 2020, with more losses to come from a collapse of Christmas trading—but a COVID-19 vaccine rollout provides grounds for cautious optimism in 2021.
Optimism among business leaders in the out-of-home eating and drinking sector is at its highest level for nearly four years, but post-Brexit concerns about workforce availability, costs and future trade tariffs are still dampening expectations for 2020.
The latest CGA Business Confidence Survey reveals that operators remain deeply pessimistic about both market prospects and the future of their own businesses, with a third (32%) of senior executives anticipating the need to permanently close pub, bar and restaurant sites.
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