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.
