The food and drink sector received small but welcome relief on soaring prices as inflation dropped to 18.9% in March 2023, the CGA Prestige Foodservice Price Index reveals.
It is the fourth consecutive fall in year-on-year inflation and the first time in five months that the rate has dipped below 20%. While prices increased by 0.7% month-on-month between February and March, there are clear signs that inflation is steadily slowing after enormous challenges throughout the last year.
Download the latest FPI Snapshot report.
Download the report
Driving On Premise businesses and brands through phenomenal data & expert insight. Powered by NIQ