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 majority of Foodservice and Hospitality businesses remained closed throughout the month, and as such much of the effects have yet to be felt in any meaningful way. However, the disruption caused by the pandemic is likely to be felt in the index in the months ahead and is therefore important to take into account when looking at the impact upon costs.