Foodservice price inflation fell slightly to 22.0% in January, the new edition of the CGA Prestige Foodservice Price Index (FPI) reveals. While only a small change from the Index’s record high of 22.9% in December, it marks the first drop in inflation since September 2021.

However, all categories of the Index remain in double-digit inflation, with Oils & Fats recording the highest level of year-on-year increase at 42.2%, while Milk, Cheese and Eggs continued to rise quickly at 37.7%. Vegetable prices are also feeling inflationary pressures, having increased month-on-month by more than 3.5% for three months in a row.

Download the latest FPI Snapshot report.