The Report suggests that inflation looks likely to continue to rise, at least for the next three to six months. Covid impacts, where production (particularly of imported goods) has been disturbed by lockdowns, and shipping where international trade has been thrown into chaos dominate.
The rising cost of energy, mostly driven by increasing demand for gas in China as it slowly phases out coal has had a huge impact and similar issues have raised the cost of petrol massively in the past twelve months.
The exclusive Foodservice Price Index is jointly produced by Prestige Purchasing and CGA, using foodservice data drawn from 7.8m transactions per month. It contains myriad insights and information pertinent to the foodservice sector and is essential reading for anyone seeking to keep ahead of price trends and understand why they occur.
Download the latest Snapshot report