The latest CGA Prestige Foodservice Price Index reveals seventh month of double-digit inflation in a row, with weak sterling set to add to pressures.
Food and drink price inflation in hospitality hit 15% for the first time in the history of the CGA Prestige Foodservice Price Index in August, the latest data shows.
Droughts, the war in Ukraine and spiralling costs of commodities, energy and labour throughout the supply chain all contributed to the record high. The Index has now recorded double-digit inflation in every month of 2022 since February, with prices increasing nearly 2% from July alone.
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