Foodservice prices in April were 10% higher than in April 2021, thanks to high energy costs and unstable global supply, the latest edition of the Foodservice Price Index from CGA and Prestige Purchasing shows.
It is the third month of double-digit inflation in a row, and analysis by CGA and Prestige Purchasing suggests volatility in supply and costs is likely to fuel high food and drink prices for some time. The report predicts that further rises in inflation are possible in 2022, and that the rate is unlikely to fall below 7% until at least 2023.
